For INVI filing purposes, what would be considered the date of allotment of units? Is it the drawdown due date/funding date or the date when units are credited in demat?
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Dear Members
Please Suggest me
To arrive at the Net profit for the purposes of calculation is the remuneration and bonus paid to directors is allowed as an expenses or it needs to be disallowed and added back to net profit??
As I understand the net profit as per section 198 is PBT and PBT is after allowing these expenses.
Please clarify.