Compute the income under the head PGBP stating reasons for treatment of each item Net profit as per profit and loss account is Rs 80 00 000 Following items were debited to the profit and loss account Payment of Rs 8 000 Rs 9 000 Rs 9 000 and Rs 4 000 by cash on 15 th February by 4 separate vouchers to a contractor who carried out work at office Bad debts written off Rs 2 00 000 Provision for gratuity is Rs 5 00 000 but actual gratuity paid is Rs 2 00 000 Payment to a contractor where tax was deducted last year and remitted after the due date of return filing Rs 2 40 000