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Basis of admissible deduction

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(Querist)
26 September 2014 Sir, At what basis the admissible and inadmissible deductions are recorded while calculating total taxable income of a company?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
26 September 2014 you need to look at provision of income-tax Act. And make adjustments to your profit and Loss account accordingly.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
01 October 2014 yes u need to refer to the act and speacially business income chapter
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