Section 40 (b) of income tax act 1961

Chetan (Artcile) (42 Points)

23 August 2016  

Kindy guide us when books of accounts rejected by Assessing Offifcers of a partnership firm and taxable income is determined on the basis of estimation and increase taxable income.

Question : Remuneration allowable as per section 40(b), as shown in books or revised remuneration as per new arrived profit?

Kindly guide us on the same as early as possible