[aaykarbhavan] No time-limit to claim deductions for lower of brought forward losses or unabsorbed depreciation in MAT

No time-limit to claim deductions for lower of brought forward losses or unabsorbed depreciation in MAT

August 2, 2014[2014] 47 taxmann.com 52 (Cochin - Trib.)

IT: In terms of section 115JB it is only amount withdrawn from provision made for meeting unascertained liabilities and credited to profit and loss account which is liable to be deducted from net profit while computing book profit

IT: Provisions of section 115JB do not prescribe any restriction on number of years that are required to be considered for allowing deduction of brought forward loss or unabsorbed depreciation whichever is lower

 

Regards

Prarthana Jalan

__._,_.___

---

Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

---

receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com

Visit Your Group

• New Members 1

• Privacy • Unsubscribe • Terms of Use