https://www.taxtmi.com/acts?id=35984 Standardized Statement of Profits and Losses template categorizes income (manufactured and traded sales, other income), adjusts for inventory changes, itemizes expenditures (raw materials, staff, manufacturing, administration, selling and interest) to calculate net profit before tax and extraordinary items; taxation is then applied and extraordinary items (net of tax) are disclosed to arrive at net profit after extraordinary items, with a substitution note indicating replacement of an earlier clause for regulatory reporting. en-us Thu, 07 Feb 2019 15:35:28 +0530 Fri, 08 Feb 2019 16:53:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35984 Standardized Statement of Profits and Losses template categorizes income (manufactured and traded sales, other income), adjusts for inventory changes, itemizes expenditures (raw materials, staff, manufacturing, administration, selling and interest) to calculate net profit before tax and extraordinary items; taxation is then applied and extraordinary items (net of tax) are disclosed to arrive at net profit after extraordinary items, with a substitution note indicating replacement of an earlier clause for regulatory reporting. Act-Rules SEBI Thu, 07 Feb 2019 15:35:28 +0530 https://www.taxtmi.com/acts?id=35984