Assessee Allowed to Offset Losses from 2011-12 and 2012-13 Against Future Income u/s 115JB of Income Tax Act.

Assessee Allowed to Offset Losses from 2011-12 and 2012-13 Against Future Income u/s 115JB of Income Tax Act. https://www.taxtmi.com/highlights?id=53728 MAT Computation u/s 115JB - The amount of losses incurred by the assessee for the previous year’s 2012-13 and 2011-12 should be set off against the future income in the manner as specified u/s 115 JB - the assessee has rightly reduced the amount of income for the year under consideration from the brought forward losses/unabsorbed depreciation pertaining to the previous year’s 2012-13 and 2011-12. en-us Wed, 17 Jun 2020 11:12:12 +0530 Wed, 17 Jun 2020 11:12:12 +0530 TaxTMI RSS Generator Assessee Allowed to Offset Losses from 2011-12 and 2012-13 Against Future Income u/s 115JB of Income Tax Act. https://www.taxtmi.com/highlights?id=53728 MAT Computation u/s 115JB - The amount of losses incurred by the assessee for the previous year’s 2012-13 and 2011-12 should be set off against the future income in the manner as specified u/s 115 JB - the assessee has rightly reduced the amount of income for the year under consideration from the brought forward losses/unabsorbed depreciation pertaining to the previous year’s 2012-13 and 2011-12. Highlights Income Tax Wed, 17 Jun 2020 11:12:12 +0530 https://www.taxtmi.com/highlights?id=53728