Computation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 April 2010
Will you kindly provide a format of Income Tax computation for a Co.(Business and profession) or pl inform the item of Add & Less with Net profit,
Regards,
Prabhakar
Regards,
Prabhakar
Aditya Maheshwari
(Expert)
12 April 2010
You can never have any fixed format for computing total income as it has to be tailor made for each type of company.
The general format is:
Net Profit as per Profit & Loss A/c (before taxation)
Add : Item considered seperately/ Disallowable
Less : Items not chargeable to tax / Considered under other heads/Allowables
Net income from business & profession
The general format is:
Net Profit as per Profit & Loss A/c (before taxation)
Add : Item considered seperately/ Disallowable
Less : Items not chargeable to tax / Considered under other heads/Allowables
Net income from business & profession
CA Ashok Kumar Sahu
(Expert)
12 April 2010
agreed
12 April 2010
AGREE
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