Computation of Income as per B & P
This query is : Resolved
08 May 2010
Respected Experts,
I wanted to know which profit is to be taken for finding out Computation of Income from Business and Profession.
Whether is profit / (Loss) of Profit & Loss A/C
or
Profit / (Loss) as per Profit & Loss Appropriation A/C
I wanted to know which profit is to be taken for finding out Computation of Income from Business and Profession.
Whether is profit / (Loss) of Profit & Loss A/C
or
Profit / (Loss) as per Profit & Loss Appropriation A/C
Aditya Maheshwari
(Expert)
08 May 2010
Profit / Loss should be profit or loss before taxation.
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