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Yes, without any objection..       

?? Turnover 20 lakhs on that 8% means how to mathematically calculate

Its sixth standard mathematics...

😜😄 that's it 20lakh*8/100 IAM I right = 1,60,000

Correct...........                            

@ Dhirajlal sir, if our Turnover or Gross receipts Not exceeding 1 crore means, does we should have to do the profit income 8 %???

First the turnover is related to business receipts, while gross receipts are related to profession. Do not mix them.

When turn over does not exceed 2 Cr. profit margin should be  8% minimum (for cash turnover) when sec. 44AD opted.

Generally To means ( Credit) By means ( Debit)


in Trading Account



To opening ST. By sales

To purchases. By closing ST

To wages. By gross profit




Here To and By how can I understand????

To Gross Loss