Itr filing

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SUNIL KUMAR

ARTICLE

109 Points Joined January 2016

sir in f.y. 2013-14 my total receipts was rs. 950000 and i file n.p. rate @ 32% but in f.y. 2014-15 my total receipts was rs. 2450000 and i file itr @ n.p. rate 11%. I want to ask you is there any issue because of decreasing of n.p. rate from 32% to 10%

Replies (1)

raghavan

self

611 Points Joined August 2011

There is no issue if u have proper details for substantiate the transactions. Normally reduction in rate may be due to higher bulk business in certain industry. Anyhow revisit the books and consult a local practitioner for clarity.