managerial remuneration

Gross profits Add: subsidies from govt Revenue profit on sale of fixed assets Any other revenue type income Less: all working charges Donations to charitable trust Compensation for breach of contract Bad debts Director’s fee Depreciation on FA as per schedule 2 Business related taxes Brought forwrd losses = net profit for manager’s remuneration. Do not add:- Premium on issue of shares/debentures Profit on reissue of fortfeited shares Capital profit on sale of FA Do not less:- All non working charges Provision for doubtful debts or any other provision Director’s remuneration Depreciation as per books Transfer to reserves Provision for tax

Thank-you very much