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relating to book profit

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(Querist)
19 August 2008


what is the meaning of book profit?
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Vishnu Agarwal

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

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Vishnu Agarwal (Querist)
19 August 2008

reply as early as possible
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Subash Gaijes

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Subash Gaijes (Expert)
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?
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Vishnu Agarwal

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Vishnu Agarwal (Querist)
19 August 2008

I am asking abt a/c.
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CHEZHIYAN

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

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Vishnu Agarwal (Querist)
21 August 2008

thanx
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Vishnu Agarwal

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Vishnu Agarwal (Querist)
21 August 2008

but what is the meaniong of inadmissible and admissible expenses?
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
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.
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Vishnu Agarwal

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Vishnu Agarwal (Querist)
27 August 2008

thanx
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Vishnu Agarwal

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Vishnu Agarwal (Querist)
27 August 2008

thnx for replying my query
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