Profit for calculation of business income
This query is : Resolved
18 September 2011
PLS TELL ME THAT WHICH PROFIT IS TO BE TAKEN FOR CALCULATING BUSINESS INCOME (PGBP)FOR ADJUSTMENT OF ALLOWABLE AND DISALLOW ABLE EXPENSES.
AND ALSO TELL ME THAT WHETHER IT IS NET PROFIT AFTER TAX OR BEFORE TAX.
e.g.
Net Profit ----(<-This one)
Add- Expenses Dissallowed
Less Exp Allowable as per income tax
-----------------
-----------------
AND ALSO TELL ME THAT WHETHER IT IS NET PROFIT AFTER TAX OR BEFORE TAX.
e.g.
Net Profit ----(<-This one)
Add- Expenses Dissallowed
Less Exp Allowable as per income tax
-----------------
-----------------
18 September 2011
net profit as per profit and loss account (before tax)
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