i got the same problem.. have you got any solution regarding this.. plzz reply
Manoj Kumar Mishra
(Article Assistant)
(304 Points)
Replied 18 May 2016
i got the same problem.. have you got any solution regarding this.. plzz reply
Mukesh Kuriyal
(Advocate)
(2216 Points)
Replied 18 May 2016
In Case You Have Got Notice Fill the Details(name,address,pan number,percentage of share,status,rate of interest,Remuneration Paid) Of All The partners In PART A-GENERAL(2).Now Go To SNo Of 54 Of PROFIT_LOSS and fill the columns of Gross Receipts,Gross Profit,Expenses,Net Profit.
Note That
Gross Receipts/Gross profit=Total Turnover-----(1)
Then Calculate Net Profit=More Then or equal to 8.0% Of Gross Receipts-(Total interest + Remuneration Given) If Gross receipt is Less the One Crore-----(2)
Now Expenses=(1)-(2)
Mukesh Kuriyal
(Advocate)
(2216 Points)
Replied 18 May 2016
Dont Forget To delete the Amount In SNo 38 Of P & L Account
CAclubindia
