Which among the following equation is correct?
Answer & explanation
Correct answer: option 1
NDPFC =GDPMP - Depreciation- Net Indirect Taxes (A)
GNPMP = GDPMP + NFIA i.e. GDPMP =GNPMP - NFIA (B)
Combining A and B we get
NDPFC = GNPMP - Depreciation - NFIA - NIT