Turnover decrease peofit increased allowed

200 views
User Avatar

B.com
3025 Points Posted on 02 April 2023
it assessess turnover and gp and np details mentioned
year:21-22 turnover rs:60 lacs gp :6 lacs np rs:4,80,000/- show in it returns
year:22-23 turnover rs:55 lacs gp :6 lacs np :4,90,000/-
question:
assessess turnover decrease and profit declared increase allowed.
0 Reply Share Follow
On 02 April 2023 at 20:16 Report
Replies (2)
Quick Summary
This discussion addresses a common query regarding tax returns: can declared profit increase even if turnover decreases? The consensus is yes, this is allowed. The example provided shows a scenario where turnover dropped from Rs 60 lacs to Rs 55 lacs, yet net profit rose slightly. This highlights that profit margins can improve, leading to a higher net profit despite lower sales.

User Avatar

SEO Sai Gr. Hosp.
212453 Points Posted on 03 April 2023

Yes, allowed.                                              

1 Reply
On 03 April 2023 at 08:44
User Avatar

Profession Business
28246 Points Posted on 05 April 2023
Pls explain.
Reply
On 05 April 2023 at 09:58

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. TDS on under construction property not deducted
  2. GST on Fixed Assets
  3. GST ITC april 22
  4. GST PAYMENT REGARDING
  5. GST Consultation Required – June–Augus
  6. TDS Code for Salary Payment to Non-Resident Intern
  7. TDS on property
  8. Company data for software
  9. Car purchase to be eligible for ITC
  10. GST Refund on payment to builder

More recent discussions | Post

Related Topics :

Loading