Book Proift
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 February 2011
Meaning of book profit & how to calculate book profit?
15 February 2011
Book profit means net profit as per the books of account.But if your query is relating to Sec115JB of Income Tax Act,book profit means net profit as per profit and loss account prepared in accordance with Schedule VI as adjusted by the adjustments specified in Sec 115JB.
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