what is the percentage of profit to show in the profit and lost a/c for hotet owner , for retailers, for transport and small business owners it should be moer than 5% (as per as income tax view is concern )
is profit should be show increasing for every year in the p&l a/c or what (as per as income tax view is concern )
Hello,
What kind of question is this.... You directly mean the profit which you want to show in Profit and loss account?
It should be any profit/loss during the year. It cannot be on ones assumption.
Are you talking about Sec 44AD ?????????????????????????????????????
can the admin delete this thread...
CAclubindia
