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
Name for register
Page no : 4
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 15 December 2017
Can't understand... Explain yourself.
Ashish Khillan
(Gaining knowledge)
(1039 Points)
Replied 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?
gross receipt
gross profit
expenses
net profit
only gross profit have to be shown or expenses incurred also have to shown?
Ashish Khillan
(Gaining knowledge)
(1039 Points)
Replied 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?
is it right?
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 15 December 2017
Yeah...
Both are correct and You can follow both way. Which is suitable for you...
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 15 December 2017
| Originally posted by : Ashish Khillan | ||
 |
ok, thnku sir |  |
You are welcome
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