Answer / amit tiwari

Profit which has been made but not yet realized through a
transaction, such as a stock which has risen in value but
is still being held. also called unrealized gain or
unrealized profit or paper gain or paper profit.

Answer / manoj s

Book profit: Usually arises in income tax for the
calculation of MAT (Minimum Alternate tax)..

Calculation of BOOK Profit

Net profit as per profit and loss a/c

+ Inadmissible expenditure debited to p and l a/c
Admissible expenditure not credited to p and l a/c

- Admissible expenditure not debited to p and l a/c
Inadmissible expenditure credited to p and l a/c

= book Profit..

Answer / yogendra.c

A gain on an investment that has not yet been realized. That is, book profit occurs when the current price of a security is higher than the price the holder paid for it, but the holder still owns the security. As a result, there is the possibility that the book profit might be erased if the price goes back down. A book profit represents an increase in one's net worth, but it may or may not affect one's lifestyle. Under most circumstances, one is not taxed for book profit; the government waits until gains and losses are realized.

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