relating to book profit

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Vishnu Agarwal

Vishnu Agarwal (Querist)
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19 August 2008

what is the meaning of book profit?

Vishnu Agarwal

Vishnu Agarwal (Querist)
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19 August 2008 tell any example of it.

Vishnu Agarwal

Vishnu Agarwal (Querist)
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19 August 2008

reply as early as possible

Subash Gaijes

Subash Gaijes (Expert)
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19 August 2008 Mr. Vishnuagarwal,
Book Profits has several meanings attached to it. U need book profits as per which act? and in what context?

Vishnu Agarwal

Vishnu Agarwal (Querist)
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19 August 2008

I am asking abt a/c.

CHEZHIYAN

CHEZHIYAN (Expert)
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20 August 2008 Book profit are profits as per your account books before considering any inadmissable expenses or admissable expenses as per any act

Vishnu Agarwal

Vishnu Agarwal (Querist)
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21 August 2008

thanx

Vishnu Agarwal

Vishnu Agarwal (Querist)
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21 August 2008

but what is the meaniong of inadmissible and admissible expenses?

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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27 August 2008 Book Profit is not an account but the profit as per Profit and Loss Account which is adjusted in view of the provisions of Section 115JB relating to MAT and explaining the derivation algorithm of Book Profit.

Vishnu Agarwal

Vishnu Agarwal (Querist)
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27 August 2008

thanx

Vishnu Agarwal

Vishnu Agarwal (Querist)
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27 August 2008

thnx for replying my query

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