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Book Proift

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 February 2011 Meaning of book profit & how to calculate book profit?
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Kumar Babu.G

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Kumar Babu.G (Expert)
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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