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Books profit & tax profit

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 June 2012 hello
would like to know the few reasons for classification of Books profit & Tax profit

sunil deshmukh
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CA Sagar Kotak

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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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