https://www.taxtmi.com/manuals?id=5742 Meaning of profits in tax law is a measure of gain made by a business during a period, typically the excess of receipts over expenditures; profit is ascertained by comparing the state of the business or the value of assets at two specific dates, with the increase in asset value between those dates constituting the profit. en-us Sat, 09 Nov 2024 11:49:00 +0530 Thu, 12 Jun 2025 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5742 Meaning of profits in tax law is a measure of gain made by a business during a period, typically the excess of receipts over expenditures; profit is ascertained by comparing the state of the business or the value of assets at two specific dates, with the increase in asset value between those dates constituting the profit. Manuals Income Tax Sat, 09 Nov 2024 11:49:00 +0530 https://www.taxtmi.com/manuals?id=5742