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    Calculation of Profit Under Sec 198

    Posted By : Sachin / Published on : 18-Jan-2022 01:11 PM / View : 839 / Comment : 0

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    Dear all,

    Please guide me for the following transactions treatment while recalculating profit as per sec 198:
    1. ESI/PF Payable
    2. CSR Donation made of previous year
    3. Loss on sale of FA (Loss is lesser than WDV of Assets)
    4. Fixed Assets Written off

    Read more on : under profit calculation

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