my client is having food grain business, with other 4% and 12.5 % items
which scheme should be best as 75% items are foodgrains which are tax free. ?
should i go for set off scheme, as the tax burden is less then the composit scheme. ?
what form of additional accounting to be kept in set off scheme. ?
if he go in composit scheme, can he calculate GP only on taxable items ?
please help
CAclubindia
