A person retail rice store maintained.a person need business loan Rs:10 lacs from bank (cc).
Question:
A person how much sales turnover and net profit declare show in I t return filed in f y.19-20.(one year)
1 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 22 February 2021
It should be based on basis of turnover of past year and future maintainable profits but turnover should be based on fixed percentage of increase
Recent Topics
- GSTR -9 FY 23-24 related Query
- GSTR 9 ... table 9... value regards..
- Find the taxable amount from his salary according
- How to d in 44AD
- Message from Tax Dept asking to file tax, income i
- What is table 13 of GSTR9
- Developer
- TDS on rent, security deposit and brokerage
- Doubt in ITR Filing
- DRC 03 for delayed RCM Payment
Related Threads
Trending Online Classes
-
6 days Certification Course on GST Practical Return Filing Process
CA Pratibha Goyal16 December 2024
CAclubindia
