What is PGBP declaration?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 04 August 2017
With reference to your earlier query...........
PGBP declaration......... means 'Profits & Gains from Business and Profession' that is being declared in any ITR, for assessment.
PGBP is an income head like Salary, Income from HP, CG and IFOS.
An assessee voluntarily declares his income earned/accrued during previous year, under such heads (as per IT act), in any suitable ITR, for assessment.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
