Section 115JA of ITA, 1961 : Section 115Ja: Deemed Income Relating To Certain Companies

ITA, 1961

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Explanation using Example

Imagine a scenario where XYZ Pvt. Ltd., a manufacturing company, has prepared its financial statements for the financial year ending March 31, 2000. According to its profit and loss account, the net profit is Rs. 10 lakhs. However, after making certain adjustments like adding back the provision for taxation and other disallowable reserves, the book profit as per the company's f...

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