For Calculating Book profit for Section 115JB deduction of Lower of Brought Forward Loss or unabsorbed Depreciation is to be given.

There is a Company whose figures are given below please tell me whether any deduction is available for MAT Purpose as in the year ending 2017 the company is having Net Profit of Rs. 1000000/-

Particular

2012

2013

2014

2015

2016

Profit Before Dep

158280.00

720684.00

735195.00

-283136.00

-542700.38

Depriciation

-99168.00

-582198.00

-582198.00

-415558.00

-421065.00

Profit after Dep

59112.00

138486.00

152997.00

-698694.00

-963765.38

Please suggest me that any deduction can be claimed for calculating Book Profit as per Section 115JB of the Income Tax Act, 1961.

 

Posted 1 year, 8 months ago by CA Tanay Jindal


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