While calculating the book profit we add back the following:
"the amount set aside to provisions made for meeting liabilities other then ascertained liability"
what are the item which are cover under this clause......
While calculating the book profit we add back the following:
"the amount set aside to provisions made for meeting liabilities other then ascertained liability"
what are the item which are cover under this clause......
THIS CLAUSE COVERS UNASCERTAINED LIABILITIES
Saloni JI...
I mean to say what are the various items debited in the profit and loss account which come under this clause....
i mean what are the unascertained liabilities
E.g. Provision for Gratuity
Dividend Received if any, which is exempt u/s 10(34) etc.
Thanks Rajput.
Thanku Everyone
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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