assess running a pharmacy store.sales turnover rs:60 lacs yearly. question: assess how much amount GP and NP percent (minimum and maximum profit) showing in it act.
Replies (2)
Quick Summary
This discussion explores how to calculate Gross Profit (GP) and Net Profit (NP) for a pharmacy with a yearly turnover of Rs. 60 lacs. It outlines potential profit margins, suggesting a minimum of 6% on digital turnover and 8% on other turnover if opting for Section 44AD. The maximum profit is considered to be 100% of turnover, with specific percentages for online (6%) and other (8%) sales.