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1039 Points Posted on 15 December 2017
Dear Sir,
expenses related to profession income, also have to be shown or only have to shown gross receipt and profit?
plz give me detail on this point.

thnku
6 Reply
On 15 December 2017 at 12:56
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128147 Points Posted on 15 December 2017
Can't understand... Explain yourself.
463 Reply
On 15 December 2017 at 13:25
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1039 Points Posted on 15 December 2017
for non account case....
gross receipt
gross profit
expenses
net profit

only gross profit have to be shown or expenses incurred also have to shown?
6 Reply
On 15 December 2017 at 14:23
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1039 Points Posted on 15 December 2017
in my case i shown gross receipt and gross profit by same amount and charge some expenses... balance is net profit...
is it right?
6 Reply
On 15 December 2017 at 14:25
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128147 Points Posted on 15 December 2017
Yeah... Both are correct and You can follow both way. Which is suitable for you...
463 Reply
On 15 December 2017 at 14:28
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1039 Points Posted on 15 December 2017
ok, thnku sir
6 Reply
On 15 December 2017 at 14:38
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"Do the Right Thing...!!!"
128147 Points Posted on 15 December 2017
Originally posted by : Ashish Khillan
ok, thnku sir

You are welcome
463 Reply
On 15 December 2017 at 17:18


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