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Gross profit rate

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 December 2014 What will normal/General rate of Gross Profit incase of business of Petrol Pump.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
03 December 2014 there is no fix rate which can be given.
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Amol S Joglekar

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Amol S Joglekar (Expert)
03 December 2014 Between 3.5 to 5 %.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
03 December 2014 amol ji pls give some refrence supporting ur ans
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Amol S Joglekar

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Amol S Joglekar (Expert)
03 December 2014 There is a very interesting concept called as EVAPORATION loss. It is calculated slabwise. The price difference along with the credit for the evaporation loss makes it between 3.5% to 5%
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Querist : Anonymous

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Querist : Anonymous (Querist)
03 December 2014 If we to assume then what it should be. As i finalising an accounts of same business of petrol pump so how much GP% should i consider pls guide me.

Petrol pump is situated in Semi Urban area.
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Amol S Joglekar

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Amol S Joglekar (Expert)
03 December 2014 No need to assume any % unless you are opting for 44AD. You can show AT ACTUALS.
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Querist : Anonymous

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Querist : Anonymous (Querist)
03 December 2014 Thank you sir but if you can pls specify the rate it will be of great help.
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