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In this question personal income can be computed in this way also right... : Pvt.income - corporate tax - undistributed profit But answer differs..
Sri kanaga Varshini
CA Final
★ 3K+
22-Apr-22 09:26
525
Answers (4)
Your formula for personal income 'Pvt.income - corporate tax - undistributed profit' doesn't look correct. How did you arrive at it?
Sahibdeep Singh
CA Inter
★ 14K+
22-Apr-22 10:59
Sir from this formula..
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Thread Starter
22-Apr-22 11:48
Did u get the pvt income crct ?
Purvi Agarwal
★ 5
22-Apr-22 15:10
Hi Varshini Of course in both ways you can calculate the personal income BUT You need to pay attention to the inputs provided in the question.
frenil dsouza
Faculty
28-Apr-22 10:39
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