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Terminology quiz


yasaswi gomes (My grammar is 💯 good I)     27 April 2020

yasaswi gomes
My grammar is 💯 good I 
 183 likes  3342 points

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What is the difference between the following: PBT Book Profit Taxable Income
PRAVIN AGRAWAL

PRAVIN AGRAWAL (PROPRIETOR)     27 April 2020

PRAVIN AGRAWAL
PROPRIETOR 
 4 likes  76 points

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Dear sir,

Book profit is profit before tax as per accounts or balance sheet. 

Taxable profit means the profit derived after taking into account allowances or dis allowances as per income tax act.

We pay tax on taxable income.

If you are satisfied, kindly drop email to capravin87 @ gmail.com 

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