Gross Profit in books of account
This query is : Resolved
Sandeep Jain
(Querist)
12 September 2019
Dear Sir
We have business of Marbles & Tiles. Please advise to me how much Gross profit & Net profit we have to show in books of account. previous year GP was 8.07% and NP was 4.90%
Please advise for this year ?
We have business of Marbles & Tiles. Please advise to me how much Gross profit & Net profit we have to show in books of account. previous year GP was 8.07% and NP was 4.90%
Please advise for this year ?
Gokul Sharma
(Expert)
14 September 2019
are you covering under tax audit ?? or 44AD
Sandeep Jain
(Querist)
16 September 2019
Yes Covering under tax audit
Gokul Sharma
(Expert)
16 September 2019
then let the auditor decides from books of accounts audit.
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