Applicability of clause 32 of Form 3CDtax Audit
This query is : Resolved
Vikas Agarwal
(Querist)
24 July 2009
Whether clause 32 is applicable on NBFC doing trading in Stock Market Securities?
If applicable then how Gross profit, Net Profit and Turnover is to be calculated?
If applicable then how Gross profit, Net Profit and Turnover is to be calculated?
Aditya Maheshwari
(Expert)
24 July 2009
Gross profit not applicable. Net profit after tax / turnover in net profit ratio and closing stock / turnover for turnover ratio.
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