Piease anyone send answers to the problem regarding sec-35ad

Tax queries 502 views 3 replies

I can not arrive the answer of the problem no. 81.14E of the singhania book(students' guide), please anyone help me

Replies (3)

net profit                        91,50,000

+ dep                                2,00,000

+ dep                             10,50,000

total                              1,04,00,000

less :  35AD                   90,00.000

BI                                     14,00,000 

Less : business loss    3,00,000

BI                                     11,00,000

you can also refer this article. but do not waste much time

https://www.taxmann.com/BudgetFiles/2010/Expertopinon/ASSESSEESHAVEACHOICEBETWEENSECTION35ADANDVARIOUSOTHERSECTIONSOFCHAPTERVI.htm

Thank You very much Sir!


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