Gross Profit Increased

Sir,

Books cover under section 44AB.GP increase 4%and NP increase 2% as compared to last year. Can we face any issue from IT department
Replies (3)
Quick Summary
This discussion addresses concerns about increased gross profit (4%) and net profit (2%) compared to the previous year. The user is seeking clarification on whether these financial improvements might lead to scrutiny from the IT department, especially given the previous profit margins of 6% and 4% respectively. The consensus is that such an increase is not typically anticipated to cause issues.

What were earlier GP & NP?

6% and 4%

Not anticipated.           

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