Books profit & tax profit
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 June 2012
hello
would like to know the few reasons for classification of Books profit & Tax profit
sunil deshmukh
would like to know the few reasons for classification of Books profit & Tax profit
sunil deshmukh
CA Sagar Kotak
(Expert)
13 June 2012
Book profit means profit shown in the book of accounts while Tax profit means profit arrived after adjustment mention in section 28 to 44d of the income tax act, 1964
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