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calculation of book profit of firm

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1 Points Posted on 07 February 2018
please tell me about book profit of firm sec. 40(b)..??
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On 07 February 2018 at 23:09 Report
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101 Points Posted on 07 February 2018
Book Profit means all revenue minus all operating expenses and interest on partner capital
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On 07 February 2018 at 23:15
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101 Points Posted on 07 February 2018
books profit means profit before deduct the remuneration of partner and profit of firm distributered among partner
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On 07 February 2018 at 23:17
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42 Points Posted on 23 October 2018
is expenses disallowed is added back to book profit?
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On 23 October 2018 at 08:27


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