Hi there,

i am totaly confused regarding the method(TABULAR FORM) to use for computation  of income under head Profits And Gains From Business & Proffession(PGBP).

I am refering Girish Ahuja Sirs' book and method given there for computation just passed way above from my head and i really dont know which method to use now. The method which i used/learned earlier was like this : 

NET PROFIT AS PER Profit & Loss(P&L) A/c

Add: Income allowed under head PGBP but not included in P&L A/c

Less: Income included in P/L A/c but not allowed U/h PGBP

Add: Expenses deducted in P&L A/c but not allowed U/h PGBP

Less: Expenses allowed U/h PGBP but not included in P&L A/c  

= INCOME UNDER HEAD Profits And Gains From Business And Proffession 

I am confused regarding the method+presentation given in Girish Ahuja Sirs' book. 

Can anyone please suggest me with the method acceptable by ICAI. please.