Sir,
FY 2022-23 Sale was Rs. 64 Lacs and GP 11% and some interest income from Debtors & farmers Rs
1.24 Lacs NP Rs. 6 LACS. but FY 2023-24 Sale is Rs. 28 Lacs GP 11% and some interest from debtors & farmers Rs. 98 thousand NP 2 Lacs in books of accounts. Owner said it increase up to 5.40 Lacs so Can i adjust bank CC limit & term loan interest approxmatly Rs. 5 lacs with owner,s Capital account so We increase NP
its correct way please advise Sir,
Menu
Net Profit Increase
Replies (2)
Quick Summary
see, the banks these days also look at the bank statement and GST returns. So, they always get to know how much profit you have actually earned. You can always make some adjustment, but it cannot severely deviate from what is ascertainable from indirect tax filings.
Yes I agreed the above said reply.
@ Veena Bansal,
You can't increase the details in bank related activities.
It's better to discuss with Your Auditor...
May be he can instruct for increasing stock...
So, Discuss to Your Auditor.
@ Veena Bansal,
You can't increase the details in bank related activities.
It's better to discuss with Your Auditor...
May be he can instruct for increasing stock...
So, Discuss to Your Auditor.
Recent Topics :
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
Related Topics :
CAclubindia
