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Unabsorbed depreciation or losses which can be carried forward - Section 115JB(3)

Income Tax - Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT) - 05D - Section 115JB(3) - Unabsorbed depreciation or losses which can be carried forward Although, the assessee is liable to pay tax @ 18.5% of the book profits if its total income computed as per Income tax Act is less but it is entitled to determine unabsorbed depreciation u/s 32(2), business loss u/s 72(1), speculation loss u/s 73 and capital losss u/s 74 and loss u/s 74A and shall be allowed to carry forward such unabs .....

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