https://www.taxtmi.com/forum/issue?id=2671 MAT is computed on adjusted book profits derived from financial statements prepared for statutory purposes; if the adjusted book profit is nil or negative, MAT does not apply. In computing book profit, net profit as per books is reduced by the lesser of brought forward losses or unabsorbed depreciation, where unabsorbed depreciation denotes amounts carried forward from earlier periods rather than current year depreciation already charged in the accounts. en-us Thu, 20 Jan 2011 21:25:13 +0530 Thu, 23 Jan 2025 15:58:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2671 MAT is computed on adjusted book profits derived from financial statements prepared for statutory purposes; if the adjusted book profit is nil or negative, MAT does not apply. In computing book profit, net profit as per books is reduced by the lesser of brought forward losses or unabsorbed depreciation, where unabsorbed depreciation denotes amounts carried forward from earlier periods rather than current year depreciation already charged in the accounts. Discussion-Forum Income Tax Thu, 20 Jan 2011 21:25:13 +0530 https://www.taxtmi.com/forum/issue?id=2671