Accounts
This query is : Resolved
k.b.nagesharao
(Querist)
11 November 2016
Dear Sirs,
we want to enhance the gross Profit and Net Profit from 8% and 3% which we are fallowing for the past 5 years. Now we want to enhance the G.P AND N.P TO 16% AND 10%. The sudden enhancement to this extent will create any problems in the future by the department.Kindly advise.
Thanks for your valuable advises in advance.
K.B.NAGESHA RAO.
9448826793
we want to enhance the gross Profit and Net Profit from 8% and 3% which we are fallowing for the past 5 years. Now we want to enhance the G.P AND N.P TO 16% AND 10%. The sudden enhancement to this extent will create any problems in the future by the department.Kindly advise.
Thanks for your valuable advises in advance.
K.B.NAGESHA RAO.
9448826793
Amol S Joglekar
(Expert)
11 November 2016
As far as my knowledge of accounts goes, dreaming about enhancement in G/P and N/P does not enhance the same. One needs to put in lot of cost cutting efforts, process efficiency measures, use of line of balancing techniques and so on.
And if you are talking about a mere PAPER adjustment, be ready to answer the questions as to why it was 8%/3% in earlier years.
And if you are talking about a mere PAPER adjustment, be ready to answer the questions as to why it was 8%/3% in earlier years.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- LLP audit and disclosure
- Capital gains in IT returns
- Form 144 TDS Return Validation error
- TDS- 2026-27 Q1 Correction
- Advances to related party
- Rent agreement of House of deceased person
- Form 144 TDS Return Validation Error – Mandatory Fields
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
