Computation of business income?

Srini (student) (52 Points)

05 December 2011  

Hello bro,

 I'm not able to understand the concept of business income. Please provide the details regarding how to compute it.How to identify the item which is to be + and -...

Please say what and all the items should i take from the P/L account i,e (from question)..

Since income tax is new area I need your help..

Please help

A big thanks to you all..