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How much n.p.required to be shown in p & l a/c.

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 July 2015 Dear Sir,
One of my relatives working as mediator in land purchase and sale transaction, he earned commission of Rs.285000 during F.Y-2014-2015 and land purchaser deduct tds U/s 194 ( H ) @ 10% of Rs.28,500 at the time of making payment of commission.
Now, I have question that how much profit I should shown in statement of Profit & loss A/c as commission business does not have many expenses as like normal business.

Please suggest me best answer.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 July 2015 You can claim traveling expenses to earn the income.

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