Dear Experts / Team.,
Mr. X doing business (Sales & Service / Manuf & Service) If He is eligible u/s 44AD. His Purchase Value Rs. 20,00,000 and Sales Value Rs. 10,00,000. He sell his goods with benifit of margin @ 20%. After less the Margin (Rs. 200000) actual basic value Rs. 800,000.
As per this/My Calculation stock in hand Rs. 12,00,000. In Tally Software Enter the amount of stock and it's taken total business transaction...
Now the Queries are :
1. Which value is his Turn Over?
2. What values u/s 44AD?
3. What about Tally PandL? it's shown with stock if i enter books...
Thanks in Advance
CAclubindia
