https://www.taxtmi.com/acts?id=15633 Computation of a company's net profits for managerial remuneration requires crediting governmental bounties and subsidies, excluding capital receipts and fair value equity adjustments, deducting ordinary working charges including directors' remuneration, staff bonuses, interest on borrowings, repairs, depreciation, bad debts and legal liabilities, and disallowing deductions for income tax, voluntary payments, capital losses and fair value changes recognised in equity. en-us Thu, 22 Dec 2011 11:30:53 +0530 Thu, 22 Dec 2011 11:31:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15633 Computation of a company's net profits for managerial remuneration requires crediting governmental bounties and subsidies, excluding capital receipts and fair value equity adjustments, deducting ordinary working charges including directors' remuneration, staff bonuses, interest on borrowings, repairs, depreciation, bad debts and legal liabilities, and disallowing deductions for income tax, voluntary payments, capital losses and fair value changes recognised in equity. Act-Rules Bills Thu, 22 Dec 2011 11:30:53 +0530 https://www.taxtmi.com/acts?id=15633