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Net worth & pat

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(Querist)
23 May 2013 Dear All
Q1. Hw to calculate net woth for a prop. firm ? whether to consider Capital a/c / no.

Q2. Incase of PAT do we hv to deduct interest U/s 234 ABC & TDS.

plz reply immediately
thnx
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Ankit

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Ankit (Expert)
23 May 2013 Dear Priyanka,
you can calculate the newworth by deducting the external liabilities from the total asset.

yes, in the PAT, also interest u/s 234 should be deducted.
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