G.P Ratio
Rahul Kumar Agrawal (42 Points)
10 February 2018Rahul Kumar Agrawal (42 Points)
10 February 2018
Kamal Verma
(Financial advisor)
(579 Points)
Replied 10 February 2018
Gross Profit is the base to determine the business income. Thus examination in variation in G.P ratio are normally conducted by AO at the time of Scrutiny of books of accounts.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India