Dear Friends
It is Net Profit or Gross Profit which is considered for 8% ?? Please clarify. I mean it is net profit to be more than 8 % or Gross Profit?
CA RUSHABH GANDHI
(CA)
(212 Points)
Replied 26 July 2014
HIII
FOR 8% OF TURNOVER, WE HAVE TO SEE NET PROFIT NOT GROSS PROFIT.
OK
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 26 July 2014
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