Deat Sir,
A person have income from business books cover under audit 44AB. I'm Financial year 2020-21 gross profit increased more than 4% as compared to Financial year 2019-20. to decrease GP in books he had reduced 4% stock and file the ITR. The impact of 4% up coming in Financial year 2021-22 Now GP value is minor increase but % is too increase.
Please suggest in case.
CAclubindia
