Sir,
In the books of account last year 18-19 Gross profit was 8.07% . in this year 19-20 it is actual 9.80% Please guide is this okay Can we face any problem.
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Gross profit 19-20
Replies (7)
Quick Summary
Are You asking about income tax...?!
If Yes, then No more problem. You can show the profit.
If Yes, then No more problem. You can show the profit.
Query unclear to me
Yes Sir, for income tax
No problem, You can show the profit as per above percentage...
Thank you Sir,
Sir,
Please advise some goods desteryed due to stock burnt in fire. that effect GP was show nagative value how to increase GP
@ Mr Sandeep Jain.,
Calculate the Value of Burnt and Transfer the Stock (goods) value to PandL account...
Calculate the Value of Burnt and Transfer the Stock (goods) value to PandL account...
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