Net profit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 May 2012 Dear expert,
In FY 2010-11, I had opted ITR 4S and net profit was @8.97%.
Now for FY 2011-12, again I am opting ITR 4S and net profit would be @ 8.57%.
Is there any risk, if net profit is reduced upto .40%, however still it is above 8%.
Please advise me.

Sumti Bhadani

Sumti Bhadani (Expert)
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15 May 2012 There is no such issue if net profit is reduced upto .40% if there is proper reason for that. Moreover with increase in sales there is decrease in G/P ratio and simultaneously in N/P ratio.

CA. RICHI SAXENA

CA. RICHI SAXENA (Expert)
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15 May 2012 Absolutely not. There is no problem in showing the actual profits and it a general economic scenario in which if profits increase then profits decrease as well.

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