Messer’s XYZ Ltd. Provides the following information: Net Profit before income tax = Rs. 40000, Depreciation charged during the year = Rs. 10000, Goodwill written off during the year = Rs. 10000, Income Tax for the year = Rs. 20000. Calculate fund from operation.
Please explain what is the treatment of income tax. And what will be the difference in treatment if net profit after tax is provided.
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