company turnover
venkatesh.v (MBA) (39 Points)
03 July 2019if company turnover below 5 lkhs
we should compulsory maintenance profit 8% in the books or we should use expenses all 5 lakhs
venkatesh.v (MBA) (39 Points)
03 July 2019
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 03 July 2019
if you are talking of private / limited company , not required to show profit @ 8%