How to adjust profit

Book some indirect expences and direct expences.........u can also makes a control  over receipts......Adjust the march month expences like salary telephone bill electricity rent as payable...............

Originally posted by : nisha
	Book some indirect expences and direct expences.........u can also makes a control  over receipts......Adjust the march month expences like salary telephone bill electricity rent as payable...............

AGREED                       

Originally posted by : Thanvi 007
	Dear All I have 250% GP in my business after actual acoounting net profit is 125% I want NP 10-15% only what i do? How to adjest? pl. help me.

book direct expenses @ 40% - 50% approx on all incomes in month of income generation basis, this will reduce the GP

Dear 

my purchse cost is 100 and sale value is350 and actual exp. is 100 Rs.

NP = Total sale -purchse-exp..

           350-100-100=150 is NP

I want only 10 to 20 NP what i do?

where i adjest 130 to 140 ? is my question

I allready account all direct and indirect exp. than after i have NP 150.

U can reduce the sale amount, if possible in ur case. check all purchases are entered. pass reasonable exp entry proportnate to sale. actually without viewing the books, accurate way cant be find.

Looking at ur query it seems ur industry have large profit percentage

but i dont think if any industry have too much profit margin

if isnt at tht tym of scurnity by AO he will reduce your profit according to industry margin or if you can prove it is extraordinary case and you should pay tax....there is no question to decrease the profit