Itr 4 ay 2010-11
This query is : Resolved
16 December 2011
I want to file Return u/s 44AF Retails Can any guide, I have given the details of the expense & Others details in NO ACCOUNTS CASE, and then should I have to mentioned Turnover basis profit u/s 44AF
Kindly guide
Regards
Deepak
Kindly guide
Regards
Deepak
16 December 2011
Net Profit should not be less than 5% of Turnover.
.
You have to fill up 4 itemes in Part A BS...(Balance Sheet's item No 6)and Last 4 items of Part A-P&L.
.
The figure of Net Profit has to be shown in Schedule BP Item No 1, 4 , 33, 34,36,37 and in Item C respectively, by following the instructions of addition and subtraction.
.
You have to fill up 4 itemes in Part A BS...(Balance Sheet's item No 6)and Last 4 items of Part A-P&L.
.
The figure of Net Profit has to be shown in Schedule BP Item No 1, 4 , 33, 34,36,37 and in Item C respectively, by following the instructions of addition and subtraction.
17 December 2011
Gross Receipt Rs.1671354
Gross Profit Rs.199047
Expense Rs.36038
net profit Rs.163009
Sundry Dr. NIl
Sundry Cr. 9000
Cas/Bank 15660
Stock in Trade :- NIl, as it is kirana store difficult to asses stock, or should need to mentioned the stock
And Sir 5% Profit of the Turnover is Rs.133000/- but our profit is more than that Rs.163009
Gross Profit Rs.199047
Expense Rs.36038
net profit Rs.163009
Sundry Dr. NIl
Sundry Cr. 9000
Cas/Bank 15660
Stock in Trade :- NIl, as it is kirana store difficult to asses stock, or should need to mentioned the stock
And Sir 5% Profit of the Turnover is Rs.133000/- but our profit is more than that Rs.163009
02 August 2024
https://docs.google.com/document/d/1UgnLqjEaItb4RLxwwYQldz-Njr53ic3YJmZfiv7ML_8/edit?usp=sharing
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