Payment of Bonus Act
This query is : Resolved
Karuna Sethi
(Querist)
25 February 2009
Is gross profit as per bonus act similar to gross profit generally we calculate through Trading P&l a/c?
CA. B.SRINIVASULU
(Expert)
25 February 2009
No it is different. You have to follow the steps given in bonus act for arriving the profit for the purpose of bonus act.
Karuna Sethi
(Querist)
04 March 2009
Thanks a lot
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