A small business person bank loan Rs:5 lacs loan amount required.
QUESTION:
A person how much sales turnover and net profit show in i.t.returns(itr).
Menu
Bank loan purposes for sales turnover
Replies (2)
You have to prepare a fixed percentage say (10% or 15%) it's optional you may determine which percentage suits your business accounts of turnover every year and maintain stock, debtors and creditors in every year suitably in estimated, provisional and current p/l and balance sheet.. please prepare CMA report as per your accounts
F.y 19-20 sales turnover and net profit show in I.t return
Recent Topic
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
Related Topics
CAclubindia
