9911796707
TMI BlogADVICE REQUIRED IN THIS MATTERX X X X Extracts X X X X X X X X Extracts X X X X ..... ADVICE REQUIRED IN THIS MATTER X X X X Extracts X X X X X X X X Extracts X X X X ..... 10-11 and depreciation loss from 10-11 to AY 14-15. We have also claimed business loss, under MAT up to AY 13-14 and paid MAT from AY 14-15. During the AY 12-13 We have demolished a factory building by retaining only boundary wall and a security room, we have kept the building value of this retained portion in books. balance value which is loss on demolition on buildings at the tune of ₹ 8 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4 lakhs adjusted in P&L. After taking over the management we have got two assessment orders AY 06-07 & AY 08-09 under section 143(3) with NIL arrears. In AY 12-13 we got another assessment order under section 143(3) but this time the officer denied the business loss during the previous management under section 79 and disallow the building demolition loss in this year. and we have got notice noti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce under section 142(1) for AY 08-09, 09-10,10-11, 11-12. Please advice. A chart a given below for the details of loss adjusted during these years Loss carried forward statement S.No Asst. year Business Depreciation Total Loss Loss Loss Profit Bal. Dep C/o 1 1996-97 0 6403979 6403979 Adj 2003-04 2739437 3664542 2 1997-98 209223 6116424 6325647 6116424 Adj 2004-05 20922 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3 3 1998-99 18778042 15920338 34698380 15920338 Adj 2004-05 6216525 Adj 2005-06 9640860 Adj 2006-07 2920657 4 1999-00 11444780 15856667 27301447 15856667 Adj 2006-07 2839538 Bal 8605242 Adj 2007-08 2790126 5 2000-01 24241027 12113296 36354323 12113296 Adj 2008-09 2975139 6 2001-02 5621859 9299851 14921710 9299851 Adj2009-10 4009864 7 2002-03 360357 72077 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 53 7568110 1765800 Adj 2010-11 360357 5441953 64736918 8 2003-04 3088346 9 2004-05 6425748 10 2005-06 9640860 11 2006-07 5706195 12 2007-08 2790126 13 2008-09 2975139 14 2009-10 4009864 15 2010-11 5802310 -5441953 16 2011-12 6904013 -6904013 17 2012-13 10533899 -10533899 18 2013-14 10361601 -10361601 19 2014-15 7577608 -7577608 23917844 Reply By MAR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IAPPAN GOVINDARAJAN:
The Reply:
It is better to get the advice from the Chartered Accountants, who are experts in this area. X X X X Extracts X X X X X X X X Extracts X X X X
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