Ch 3 · Profits and Gains of Business or Profession (Sec 28-44)

🗺️ Chart summary

PGBP Computation
       |
   Net Profit per P&L
       |
       +-- Add: disallowed expenses (Sec 40, 40A, 43B)
       +-- Less: incomes credited but exempt / other heads
       +-- Add: incomes chargeable not credited
       +-- Allow: depreciation (Sec 32)
       |
   = PGBP Income