Hiee I wanted to know that while preparing computation of income from business and profession we start as per Net Profit as per Profit & Loss A./c
I wanted to know that the profit should be before tax or after tax
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Income from Business
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Net Profit before Tax while taking the NET PROFIT AS PER P&L A/C to COMPUTATION OF INCOME U/H BUSINESS & PROFESSION.
Net Profit beforeTax will be taken into consideration ...
Profit Before Tax to be taken for computation
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