1. Pofofit and Loss Account for the year ended on 31-3-16 of Mr. Dineshkumar is as under. Compute his income from business and profession for A. Y. 2016-17 Additional Information: (1) Taxi rent includes Rs. 6,000 for the travelling exps. of his family. (2) 30% of the VAT debited is still unpaid. (3) The closing stock of un-used stationery is Rs. 4,000. (4) Allowable amount of depreciation is Rs. 20,000 , (5) Bad debt recovered includes Rs. 6,000 which is not allowed as bad debts. (6) Audit fee Rs. 10,000 is not recorded in the books. 1. Pofofit and Loss Account for the year ended on 31-3-16 of Mr. Dineshkumar is as under. Compute his income from business and profession for A. Y. 2016-17 Additional Information: (1) Taxi rent includes Rs. 6,000 for the travelling exps. of his family. (2) 30% of the VAT debited is still unpaid. (3) The closing stock of un-used stationery is Rs. 4,000. (4) Allowable amount of depreciation is Rs. 20,000 , (5) Bad debt recovered includes Rs. 6,000 which is not allowed as bad debts. (6) Audit fee Rs. 10,000 is not recorded in the books