08 August 2012
In my case , the client has credited the income covered u/s 10A to the Profit & Loss Account.
And the respective expenses have also been debited to the P/L Account.
So , while calculating book profits u/s 115jb , Do i need to adjust these two ?
Whenver i check the method of calculating book profits under above section on Internet , i nowhere found these words " Upto A.Y 2007-08 " but these words are appearing in Ready reckoner...
CAclubindia
