Poltical contribution
This query is : Resolved
05 February 2015
Can anybody plz tel me under section 182 of CA 2013, the amount of political contribution can made upto 7.5 % of the average profit for last 3 years.
My question is the avg net profit is to be taken BEFORE TAX OR AFTER
please guide with relavant section or rule
My question is the avg net profit is to be taken BEFORE TAX OR AFTER
please guide with relavant section or rule
05 February 2015
Before tax. 2013 Act and rules not defined net profit. Hence reference is made to corresponding section in 1956 act (293A)which says net profit is to be calculated as per section 349 which excludes income tax.
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