Advocate
2216 Points
Joined October 2015
In Case You Have Got Notice Fill the Details(name,address,pan number,percentage of share,status,rate of interest,Remuneration Paid) Of All The partners In PART A-GENERAL(2).Now Go To SNo Of 54 Of PROFIT_LOSS and fill the columns of Gross Receipts,Gross Profit,Expenses,Net Profit.
Note That
Gross Receipts/Gross profit=Total Turnover-----(1)
Then Calculate Net Profit=More Then or equal to 8.0% Of Gross Receipts-(Total interest + Remuneration Given) If Gross receipt is Less the One Crore-----(2)
Now Expenses=(1)-(2)