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Wednesday, April 22, 2020 | History

2 edition of Lovemaking for profit and taxes found in the catalog.

Lovemaking for profit and taxes

Harvey Markowitz

Lovemaking for profit and taxes

a comedy

by Harvey Markowitz

  • 89 Want to read
  • 4 Currently reading

Published by Playwrights Co-op in Toronto, Ont .
Written in English


Edition Notes

Statementby Harvey Markowitz.
Classifications
LC ClassificationsPS"8576"A75"L6"1972
The Physical Object
Pagination33, 44, 63 leaves
Number of Pages63
ID Numbers
Open LibraryOL20310633M


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Lovemaking for profit and taxes by Harvey Markowitz Download PDF EPUB FB2

Book Profit. Amount deductible in respect of remuneration of partners under section 40(b) with effect from the A.Y. Â Â If book Profit is negative: Â Rs. 1,50, Â Â If Book Profit is positive. On first 3lakhs of Book Profit; On the balance of the Book Profit. This book is a hoot.

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Tax profit or taxable profit is used to distinguish between accounting profit or earnings (the number that is generally referred to in financial results for public companies and quoted in the press).

Taxable profit is the number that is used to calculate tax on income. For a number of reasons, taxable profit may differ from reported earnings, and may be higher or lower. Step 2 -Adjustment to Net Profit to Convert it into Book Profit which are given under Explanation 1 to section JB(2) 'Book profit' is arrived at after making specified Lovemaking for profit and taxes book to the profit as shown in the statement of profit and loss so prepared.

These adjustment can be made as per the following steps:—. There are many points which differentiates accounting profit and taxable profit.

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29 November For the purposes of section JB, “book profit” means the net profit as shown in the profit and loss account for the relevant previous year prepared under sub-section (2), as increased by— (a) the amount of income-tax paid or payable, and the provision therefor; or (b) the amounts carried to any reserves, by whatever name called [, other than a.

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state the excess of book profit over statutory net income, prob-ably by percent, because of the treatment of income taxes in computing the book profit figures reported on tax returns (Ch. 10, Sec. C2). Moreover, the book profit figure used in Sample III may not be accurate, but the over-all results are probably not seriously out of line.

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