tax audit of partnership firm
This query is : Resolved
Querist : Anonymous
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?
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?
17 August 2010
but i guess for the work contract firm, u need to show the GP
17 August 2010
Ya True can show GP as Not applicable
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