Adjusted profits definition excludes export-derived trading profits for calculating relief under the Income Tax provision. For the purposes of the income-tax provision, the Adjusted Profits of the business means the profits of the business as reduced by the profits derived ... Summary
Adjusted profits definition excludes export-derived trading profits for calculating relief under the Income Tax provision.
For the purposes of the income-tax provision, the Adjusted Profits of the business means the profits of the business as reduced by the profits derived from the business of export out of India of trading goods, such excluded profits to be computed in the manner specified for export-derived trading profits under the applicable computation clause.
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