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Profit for calculation of business income

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(Querist)
18 September 2011 PLS TELL ME THAT WHICH PROFIT IS TO BE TAKEN FOR CALCULATING BUSINESS INCOME (PGBP)FOR ADJUSTMENT OF ALLOWABLE AND DISALLOW ABLE EXPENSES.


AND ALSO TELL ME THAT WHETHER IT IS NET PROFIT AFTER TAX OR BEFORE TAX.

e.g.
Net Profit ----(<-This one)

Add- Expenses Dissallowed

Less Exp Allowable as per income tax

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Ravikant

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Ravikant (Expert)
18 September 2011 net profit as per profit and loss account (before tax)

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