ASSESSMENT OF INCOME A.Y.2011-12

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..... ASSESSMENT OF INCOME A.Y.2011-12
Query (Issue) Started By: - SUNIL CHAVAN Dated:- 15-4-2014 Last Reply Date:- 31-12-2015 Income Tax
Got 1 Reply
Income Tax
We have filed I.T.R.FOR A.Y.2011 .....

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..... -12 showing book profit of Rs.2,85,00,000/- and paid MAT Rs. 1,11,00,000. Recently assessment for the said A.Y. has been completed and A.O.has determined income of Rs.65,00,000/- disallowing Depreciat .....

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..... ion at the rate of 80 percent and allowing only at the rate of 15 percent . and asked to pay Income tax on the said income as determined by the A.O.whether we are entitled for refund of MAT? Further w .....

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..... hether the Depreciation so disallowed can be adjusted and to the block of assets so as to determine taxable income for the next A.Y.? Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether you have got .....

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..... clarified in the above issue? If not please inform.
Discussion Forum - Knowledge Sharing .....

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