Whether Net Profit in Form 23ACA will be calculated after deduction of "Provision for Taxation" amount.
Abhijit Ghosh (.) (618 Points)
26 August 2010Whether Net Profit in Form 23ACA will be calculated after deduction of "Provision for Taxation" amount.
Jagruti (CS)
(Service)
(1953 Points)
Replied 26 August 2010
It is specifically mentioned in Form 23ACA that "Net Profit or Net Loss (before tax and appropiation)" Hence it is before taxation
HARDIK
(COMPANY SECRETARY NCFM (Corporate Governance ))
(664 Points)
Replied 26 August 2010
Hi
agree with Jagruti also see the help with each form for any query.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India