alleryStart learning →Which item is added back to profit to reach book profit?
AIncome-tax paid or payable
BDividend received on shares
CDepreciation on revaluation
DAmount withdrawn from reserves
Answer & Solution
Correct answer: A. Income-tax paid or payable
Explanation 1 to section 115JB(2) increases the profit by the income-tax paid or payable and the provision for it.
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