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Pgbp

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 May 2012 i want to know that, if in que of PGBP Income and Expenditure account is givn in which net profit is also mention, then is it necessary to solve it through NET PROFIT or we also attempt that By simply INCOME-EXPENDITURE (with all adjustments)...plz reply
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
12 May 2012 The question should be soved by using the Net Profit and adding thereto various disallowances.

DO NOT FORGET TO PROVIDE THE REASON FOR THE DISALLOWANCE.

For eg.

Net Profit as per P&L

Add: Disallowance
1. ...... (Note 1)
2. ...... (Note 2)

Then give the reasons in the respective note.
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Querist : Anonymous

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Querist : Anonymous (Querist)
14 May 2012 if I attmpt it other way thn will it b totally wrng and if it was 12 marks que of total income(including house property and other income) then hw much marks will b deducted.
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