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Ashish Khillan

Ashish Khillan (Gaining knowledge) (1039 Points)
Replied 15 December 2017

Dear Sir,
expenses related to profession income, also have to be shown or only have to shown gross receipt and profit?
plz give me detail on this point.

thnku
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RAJA P M

RAJA P M ("Do the Right Thing...!!!")   (128004 Points)
Replied 15 December 2017

Can't understand... Explain yourself.

Ashish Khillan

Ashish Khillan (Gaining knowledge) (1039 Points)
Replied 15 December 2017

for non account case....
gross receipt
gross profit
expenses
net profit

only gross profit have to be shown or expenses incurred also have to shown?

Ashish Khillan

Ashish Khillan (Gaining knowledge) (1039 Points)
Replied 15 December 2017

in my case i shown gross receipt and gross profit by same amount and charge some expenses... balance is net profit...
is it right?

RAJA P M

RAJA P M ("Do the Right Thing...!!!")   (128004 Points)
Replied 15 December 2017

Yeah... Both are correct and You can follow both way. Which is suitable for you...
1 Like

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Ashish Khillan

Ashish Khillan (Gaining knowledge) (1039 Points)
Replied 15 December 2017

ok, thnku sir

RAJA P M

RAJA P M ("Do the Right Thing...!!!")   (128004 Points)
Replied 15 December 2017

Originally posted by : Ashish Khillan
ok, thnku sir

You are welcome
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