Netprofit

This query is : Resolved 

14 January 2016 sir, anybody can tell me what is the expenses percentage to be declared compared to netprofit.

14 January 2016 Dear
There is no such provision or anything like that.
Declare the true picture of the company.

14 January 2016 No such percent prescribed in Act, but U/s 44ad minimum 8% turn-over as income, if you declare less than 8% below 1 crore turnover than you will liable for tax audit.


15 January 2016 thank u all of u



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