Below 6

i have a turnover of rs 1.13cr in the fy.can i file return showing profit below 6%..pls reply thanks in
Replies (3)
Quick Summary
This discussion addresses whether it's permissible to declare a profit below 6% for a business with a turnover of ₹1.13 crore in the financial year. The consensus is that it's possible, especially if transactions are not entirely in cash. However, it's advised that if income is non-cash, showing a profit of around 8% might be more appropriate. The consequences of filing with a profit below 6% are also a point of inquiry.

Yes you can file but for that all of your transactions are not in cash mode.. for talking in detail check your inbox
6% if income is in non cash better to show in 8%
What if i filed declaring profit below 6%??

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
11 August 2026
Chartered Accountant

Aviv Global Pvt Ltd

Ahmedabad

CA

View Details
Company
04 August 2026
ACCOUNTANT

CA RAM KISHOR KUMAR

Others

B.Com

View Details
Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details
Company
13 August 2026
Chartered Accountant (FP&A)

Client of Trellis Consulting

Gurgaon

CA

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details