GP And NP 2022-23

Sir,

please provide your valuable advise
Turnover FY 2021-22 Rs. 1 crore 20 Lacs GP 8.07% NP 5.76% Books cover under section 44AB. FY 2022-23 Turnover Rs.1 crore 70 Lacs GP 8.07% NP. 5.01% so as per above data can assesse face any issues/query from IT department.
Replies (4)
Quick Summary
This discussion addresses concerns about potential IT department queries regarding Gross Profit (GP) and Net Profit (NP) for FY 2022-23, given specific turnover and profit margin figures. The consensus is that as long as the tax audit report is filed correctly and any abnormalities are disclosed, the IT department is unlikely to raise issues.

No query from ITD as tax audit report would be attached along with..

Thank you RESPECTED sir,
Tax auditvreport qualifies and discloses necessary abnormalities.

You are welcome.                

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