Minimum profit

sanju (Accountant) (348 Points)

17 September 2011  

friends ,

is there any restrinction regarding  minimum profit that sholud show  in return? i heard that minium 10 % profit should shown in return  for A.Y 11-12. is it true? ours is a partnership firm. please clarify my doubt friends,

THANKS IN ADVANCE freinds.