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Terminology quiz
What is the difference between the following:
PBT
Book Profit
Taxable Income
Replies (1)
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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