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Computation of Income as per B & P

This query is : Resolved 

08 May 2010 Respected Experts,

I wanted to know which profit is to be taken for finding out Computation of Income from Business and Profession.
Whether is profit / (Loss) of Profit & Loss A/C
or
Profit / (Loss) as per Profit & Loss Appropriation A/C


08 May 2010 Profit / Loss should be profit or loss before taxation.



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