Following are the financial results of a company of last 6 years: Year 1 2 3 4 5 6 Profit / (Loss) (Rs) (200,000) (400,000) 175,000 400,000 200,000…
2025 · Solved Question with Answer
Following are the financial results of a company of last 6 years:
| Year | 1 | 2 | 3 | 4 | 5 | 6 |
| Profit / (Loss) (Rs) | (200,000) | (400,000) | 175,000 | 400,000 | 200,000 | 300,000 |
On scrutiny, it was found that a donation of Rs 300,000 was given to Public Hospital charged in year 1. Similarly, the profit of 4th year was calculated after deducting pollution control cost Rs 400,000 and before deducting interest on bank loan Rs 50,000 at 5th year.
Required: Taxable income with giving explanation wherever necessary.