03 December 2015
Compute the estimated Gross total income, Total Income and Tax thereon by considering the below: 1. Estimated PL and B/S; 2. Compute the estimated purchase and sale of fixed assets and compute depreciation for the year; 3. Estimate the other heads of income (HP, CG and OI); 4. Estimate the exemptions us 10; 5. Estimate the deductions under chapter VI; 6. Estimate the deductions u/s 35.... 7. Estimate the disallowances; 8. Estimate the other deductions allowed under IT Act 9. Consider any other of items adjustments under IT Act.
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