Net profit of pgbp
This query is : Open
07 November 2017
dear sir,
net profit take as base for pgbp from where need to take it from statutory audit report profit statement or any other profit
my question is starting point for pgbp from where start.
net profit take as base for pgbp from where need to take it from statutory audit report profit statement or any other profit
my question is starting point for pgbp from where start.
07 November 2017
For an assessee that prepares books of accounts, it is necessary to take the PBGP from the Profit and Loss Account. If the books are audited then it is even more reason to adopt this number. your question is very general and unclear though
Rajesh Dua
(Expert)
07 November 2017
Take Profit before tax from the books of accounts and then start computing the taxable income.
07 November 2017
sir books. profit. before. tax. Means. statutory. audit. statement profit. am. I. correct
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