The P&L a$/$c of Alana Ltd$,$ a company in textile business shows a net profit of $3,00,000$ for the year $2022-23.$ Compute income from business, considering the following.

$1\mathrm{.}62,500$ received consequent to devaluation of Indian rupee, from export of clothes to USA, has not been credited to P&L a$/$c$.$

$2.$ General expenses debited to P&L a$/$c include $20,000$ being compensation paid for short fall in quantity of clothes exported.

$3.$ Capital expenditure on scientific research$1,00,000$ has been debited to laboratory development a$/$c$.$

$4.$ An amount of $2,25,000$ debited to P&L a$/$c represents $1,00,000$ spent on travelling expenses of manager of the company in connection with export promotion tour to USA and $1,25,000$ spent by the manager in connection with a new factory to be set up for producing soft drinks.

$5.$ Of $25,000$ debited to P&L a$/$c$,$ half represents GST on services availed and the other half represents the current year advance income tax.

$6.$ The company paid $10,000$ to a National Laboratory for scientific research, $20,000$ to a University for research on social science and $5,000$ for the construction of a local church $($not debited to P&L a$/$c$).$

$7.$ The company is eligible for depreciation allowance been debited to P&L$.70,000$ but only $40,000$ has be debited to $\frac{P}{L}$ account.