Income tax in India is computed under five heads, and one of the most intricate yet essential among them is the head of Profits and […]
PGBP
Impact of Accounting Methods on Taxable Business Income under PGBP
Method of accounting refers to the process through which income, expenses, assets, and liabilities are recorded in the books of accounts of a business during […]
Understanding Business and Professional Income Under PGBP
Income under the head Profits and Gains of Business or Profession refers to the earnings derived from any trade, commerce, manufacturing activity, or profession carried […]