Business Income

Profit and Loss account

Expenses Income

• Purchases • Sales
• Wages • Interest from deposits
• Salary • Interest from Investments
• Stationary • Rental Income
• Rent • Dividend
• Repairs
• Maintenance
• Taxes
• Advertisement
• Depreciation
• Etc.
 Charging section 28
income derived
by a trade, from
specific
fair market services
value of performed for
its members value of any
inventory as
benefit or
on the date
perquisite,
on which it is
arising from
converted Profit from business 
into a capital Business carried
asset on by the
assessee at any
time during the interest,
sum received previous year salary or
under a remuneration
Keyman received by,
insurance Any sum a partner of a
policy received under firm from
angreement for such firm
not carry out
business/ not to
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