what is the definition of operating profit as per income tax or accounts
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The Profit earned from the entity's core business activities is known as Operating Profit.
For Eg : M/s XYZ Pvt Ltd sells goods worth Rs. 10000/- and direct expenses incurred are Rs. 3000/-, then the Operating Profit is Rs. 7000/-
Regards,
Devendra Kulkarni
Accounts- profit from business operations plus direct incomes (in course of business)
Income tax - profit from business operations plus direct incomes related to the nature of business
| Originally posted by : Devendra | ||
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The Profit earned from the entity's core business activities is known as Operating Profit. For Eg : M/s XYZ Pvt Ltd sells goods worth Rs. 10000/- and direct expenses incurred are Rs. 3000/-, then the Operating Profit is Rs. 7000/- Regards, Devendra Kulkarni |
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agreeeeed
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