Treatment of net profit

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Querist : Anonymous (Querist)

17 November 2014 treatment of net profit in Accounts and income tax.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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17 November 2014 what you want to know...net profit is the end result of treatment of incomes and expenses..the net profit may vary between books of account and tax due to difference in treatment of certain items as per accounts and tax laws.

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