Accounts
This query is : Resolved
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
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
- House Property Reporting in ITR
- TDS Claim year
- Relief u/s Section 89
- Rent lease agreement
- TDS Challan Code
- CCFS 2026 Schemed
- Entries in AIS regarding sale of units and shares
- Lease agreement and tax on sale
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- Sales amount in Gstr1
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Suggestions required for income tax filing-software (FY 2025-26)
- Tax liability on income of freelancer
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Taxation on LTCG for property sold after 24JUL2024
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
