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tax audit of partnership firm

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 August 2010 Respected Member

there is partnership firm which is carrying on work contract and under tax audit.

So in this case is it necessary to show Gross Profit?

if suppose G.P not calculated and directly N.P. calculated so there is any problem for tax audit purpose?
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Akhil Agrawal

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Akhil Agrawal (Expert)
17 August 2010 but i guess for the work contract firm, u need to show the GP
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Manek Amit

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Manek Amit (Expert)
17 August 2010 Ya True can show GP as Not applicable
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