Income tax

hardev singh (proprietor) (37 Points)

20 June 2017  

HI EVERYONE, MY TOTAL TURNOVER IS RS.40 LAKH IN FINANCIAL YEAR 2016-17, WE RECEIVED CHEQUES AGAINST MY ALL SALE , NO ANY CASH RECEIVED. I WANT TO KNOW THAT WHAT IS THE NET PROFIT LIMIT 8% OR 6%