banner_ad

Reduce net profit

Others 242 views 1 replies

DEAR SIR

ONE OF MY FRIEND ARE REGISTERED AS A CONTRACTOR OR RETAILER. BUT NOW HE IS ONLY PERFORM AS A RETAILER. SO THE NET PROFIT IS REDUCE AND ITS GONE LESS IN COMPARE TO LAST YEAR PROFIT. FIRM TURNOVER IS EPX. 12 TO 15 LAC. AND WE ARE TAKE PREVELIAGE OF SEC. 44AD.

TELL ME IT IS POSSIBLE TO FILE LESS INCOME IN COMPARE OF LAST YEAR INCOME IN ITR.

LAST YEAR NET INCOME IS 4 LAC BUT IN F.Y. INCOME REDUCE AND NOW IT IS 225000 LAC. WHAT INCOME WE WILL TAKE TO FILE ITR

Replies (1)
Yes... He can do it without less than 8 percentage of profit.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
28 April 2026
Senior Accounts Professional

Vivek S Gupta & Associates

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details