Terminology quiz
yasaswi gomes (My grammar is 💯 good I) (7290 Points)
27 April 2020
What is the difference between the following:
PBT
Book Profit
Taxable Income
1 Replies
PRAVIN AGRAWAL
(PROPRIETOR)
(76 Points)
Replied 27 April 2020
Dear sir,
Book profit is profit before tax as per accounts or balance sheet.
Taxable profit means the profit derived after taking into account allowances or dis allowances as per income tax act.
We pay tax on taxable income.
If you are satisfied, kindly drop email to capravin87 @ gmail.com
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