Section 198 of CA 2013 : Section 198: Calculation Of Profits
CA 2013
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Explanation using Example
Imagine a company, ABC Ltd., is calculating the remuneration payable to its directors at the end of a financial year. To comply with Section 198 of the Companies Act, 2013, ABC Ltd. must calculate its net profits correctly.
During the year, ABC Ltd. received a government subsidy for setting up a new plant. According to Section 198(2), this subsidy will be credited to the net profits. However, ABC Ltd. als...
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