Hi everyone !
Please ellaborate about the difference between PROFIT BEFORE TAXES & PROFIT AFTER TAXES
Say XYZ ( Construction company)
Sales / Revenue :100
Direct Cost :40
Indirect cost :30
Gross Profit : 60
Net profit : 30
(please note that Tax has been already deducted in form of TDS, hence tax liability doesnot exist)
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So, what should be my PROFIT BEFORE TAX & PROFIT AFTER TAX
Thanks in advance...