filed itr 4 showing income u/s. 44AD.
Turnover - 17,60,000
net profit offered @ 20% - 352,000
o/s is around 258,000
c/s is around 231,000
purchases is around 15,80,000 (excluding GST)
now, the assessee is intending to apply for loan and as usual bank asked for balance sheet and p&l
now, for preparing a drafted p&l, the maximum gross profit we could get is around 153,000.
but we have a met profit around 352,00.
how can we adjust this??
please give your suggestions......
CAclubindia
