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Querist : Anonymous

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Querist : Anonymous (Querist)
29 March 2012 MY TURNOVER IS 501730. IN F.Y. 2010-11 AND SHORT TERM CAPITAL GAIN IS 230000 . I AM WHOLSELLER AND ACTUAL PROFIT IS 21069.

WHETHER I HAVE TO SHOW 8% PROFIT COMPULSORYLY OR CAN CALCULATE TAX ON BUSINESS INCOME OF RS.21069
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CA. Nitin Agrawal

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CA. Nitin Agrawal (Expert)
30 March 2012 Show 8% as income or get the books of accounts audited, the period of which was already over.

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