Question

ABC Limited have profit Rs. 14,00,000 from business in previous year 2020-21. And profit Rs. 4,00,000 which will be earn in near future. What amount of profit is taxable to ABC Limited?

 Rs. 4,00,000
 Rs. 10,00,000
 Rs. 14,00,000
 Rs. 18,00,000​

Answer 1

Profit = 14,00,000

Earning in Future = 4,00,000

Amount = 14,00,000 - 4,00,000

= 10,00,000

Answer 2

$profit \: = 14,00,000 \\ \\ earn \: \: \: in \: \: \: future = 4,00,000 \\ \\amount = 14,00,000 - 4,00,000 \\ \\ = 10,00,000.$

option b (✔)