Can we show income more than 8% in ITR 4s?
Also if we are preparing P&L A/C and Balance Sheet,
does the income shown in 4s and Profit under P&L A/C has to match?
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Income under itr 4s and profit under p&l a/c
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"does the income shown in 4s and Profit under P&L A/C has to match?"
Need not compulsorily, but always safe to match, unless in actual P&L its less then 8%.
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