What should perfect percentage for p&l a/c of a mobile shop
This query is : Resolved
19 September 2015
I want to know that what should be a percentage for mobile shop if it is having small business, should there need to maintain NP or GP, please tell the necessary expenses ratio................ please answer soon
19 September 2015
section 44AD of Income Tax Act has really come very handy for all such eligible business. It says 8% or more profit. That can be regarded as YARDSTICK.
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19 September 2015
sir,
one thing what should be the all expenses in P&L A/C ratio on sale.?
one thing what should be the all expenses in P&L A/C ratio on sale.?
19 September 2015
at ACTUALS is the best way to find out the profit.
If you are opting for section 44AD along with 8%, the expenses would be 100-8 = 92%
If you are opting for section 44AD along with 8%, the expenses would be 100-8 = 92%
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