What is the nominal % profits
Querist : Anonymous
my clinet which has a steel sheet cutting business( normally call circle work).
and one has a small qty of diamond supply to small jewelers(like wholesale diamond supply to small jewelry shop).
i have a query that if any criteria in these business for calculated profit %. both of these in tax audit limit.(about 1 crore turnover on FY 12-13.
.
Decide on the basis of normal practice and clients' actual P&L A/cs.
.
Querist : Anonymous
therefore am require the market profit rate in same type of industries..
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