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    Net Profit As Per Section 198 and 309 (5) of The Act

    Uploaded by

    Isha Shah
    The document shows the calculation of net profit as per sections 198 and 309(5) of the Act for the years 2019-20, 2018-19, and 2017-18. In 2019-20, the net profit after taxation was Rs. 3,830,830 lakh. After adding provisions for taxation, interest, depreciation, managerial remuneration, and other expenses totaling Rs. 16,088,415 lakh and subtracting nil expenses, the net profit as per sections 198 and 309(5) of the Act was Rs. 19,919,245 lakh.

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    Net Profit As Per Section 198 and 309 (5) of The Act

    Uploaded by

    Isha Shah
    238 views2 pages
    The document shows the calculation of net profit as per sections 198 and 309(5) of the Act for the years 2019-20, 2018-19, and 2017-18. In 2019-20, the net profit after taxation was Rs. 3,830,830 lakh. After adding provisions for taxation, interest, depreciation, managerial remuneration, and other expenses totaling Rs. 16,088,415 lakh and subtracting nil expenses, the net profit as per sections 198 and 309(5) of the Act was Rs. 19,919,245 lakh.

    Original Title

    CSR Calculation

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    The document shows the calculation of net profit as per sections 198 and 309(5) of the Act for the years 2019-20, 2018-19, and 2017-18. In 2019-20, the net profit after taxation was Rs. 3,830,830 lakh. After adding provisions for taxation, interest, depreciation, managerial remuneration, and other expenses totaling Rs. 16,088,415 lakh and subtracting nil expenses, the net profit as per sections 198 and 309(5) of the Act was Rs. 19,919,245 lakh.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    238 views2 pages

    Net Profit As Per Section 198 and 309 (5) of The Act

    Uploaded by

    Isha Shah
    The document shows the calculation of net profit as per sections 198 and 309(5) of the Act for the years 2019-20, 2018-19, and 2017-18. In 2019-20, the net profit after taxation was Rs. 3,830,830 lakh. After adding provisions for taxation, interest, depreciation, managerial remuneration, and other expenses totaling Rs. 16,088,415 lakh and subtracting nil expenses, the net profit as per sections 198 and 309(5) of the Act was Rs. 19,919,245 lakh.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 2

    Net Profit as per section 198 and 309(5) Of the Act

    2019-20
    Particulars Rs/Lakh Rs/Lakh
    Net Profit after Prov. For Taxation 3,830,830

    Add:
    Provision for taxation 5,412,462
    Interest on short of payment of advance tax 63,753
    Directors fees
    Depreciation as per books
    Managerial remuneration 10,612,200
    Provision for diminution in the value of investments
    Provision for bad debts
    Provision for wealth tax
    Ex-gratia payment to an employee
    16,088,415

    Total 19,919,245

    Less:
    Depreciation as per Sec.350
    Profit on sale of investments
    Prior period adjustments (credit)
    Capital profit on sale of part of the Undertaking
    -

    Net Profit as per section 198 and 309(5) Of the Act 19,919,245
    2018-19 2017-18
    Rs/Lakh Rs/Lakh Rs/Lakh Rs/Lakh
    1,815,764 21,737,706

    1,280,624 18,459,870
    - 19,096

    10,800,000 12,000,000

    12,080,624 30,478,966

    13,896,388 52,216,672

    - -

    13,896,388 52,216,672

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