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Net profit of pgbp

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(Querist)
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.
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Anand

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Anand (Expert)
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
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Rajesh Dua

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Rajesh Dua (Expert)
07 November 2017 Take Profit before tax from the books of accounts and then start computing the taxable income.
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venu

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venu (Querist)
07 November 2017 sir books. profit. before. tax. Means. statutory. audit. statement profit. am. I. correct
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