Gross Profit Rate - Application of section 145(3) of the Income Tax Act

deepak K Gujrati , Last updated: 29 March 2011 Share Follow on Google News

SYNOPSIS The purpose of this article is to examine the situation where trading results declared by the assessee in the books of accounts is not accepted by the Income Tax department for defects in the books of accounts and when there is low Gross Profit Rate as compared to previous year.� ��

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About the Author

deepak K Gujrati

CA-practice

Chartered Accountant practicing since 1989. I believe that practice requires continuous studies and a disciplined life. http://www.cadkg.in

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Gross Profit Rate - Application of section 145(3) of the Income Tax Act

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