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A/c entries

dilip derle (TAX CONSULTANT) (70 Points)

02 February 2012

Hello every body,

My client is hossiary business. how can i maintain their account?

Please help me.? base on entries.

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2 Replies

nikhil shah (shahbhai) (63 Points)
Replied 02 February 2012

for total turnover is upto 60 lacs they have not to maintain any books of account , they have simply paid 8 % profit amount as incometax. if they does not want to pay 8% as profit then they have to make audit of accounts and maintain books of account.

dilip derle (TAX CONSULTANT) (70 Points)
Replied 03 February 2012

thank you , nikhil sir

my client total turnover is 20 lakhs. can i give the composition scheme for sale tax(vat)?and how many percentage pay on total turnover in composition shceme?