The CBDT has vide Circular No.. 29/2019 dated 2nd October 2019 clarified
the law in respect of option exercised under section 115BAA of the
Income-tax Act, 1961 inserted through The Taxation Laws (Amendment)
Ordinance, 2019. The CBDT has stated that representations have been
received
from the stakeholders seeking clarification on issues relating to exercise of option under section 115BAA (a) Allowability of brought forward loss on account of additional depreciation; and (b) Allowability of brought forward MAT credit. The issues have been examined by the CBDT and clarifications have been given
Download the circular
from the stakeholders seeking clarification on issues relating to exercise of option under section 115BAA (a) Allowability of brought forward loss on account of additional depreciation; and (b) Allowability of brought forward MAT credit. The issues have been examined by the CBDT and clarifications have been given
Download the circular
No comments:
Post a Comment