sir,
if company turnover below 5 lkhs
we should compulsory maintenance profit 8% in the books or we should use expenses all 5 lakhs
if you are talking of private / limited company , not required to show profit @ 8%
venkatesh.v (MBA) (39 Points)
03 July 2019
CA Mayur Todmal
(Practicing CA)
(7645 Points)
Replied 03 July 2019
if you are talking of private / limited company , not required to show profit @ 8%
CAclubindia
