LCI Learning
Master the Basics of Legal Drafting in All Courts. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

LOOK4U (PROP)     13 March 2017

How to calulate ..taxable income of firm...for fy-2016-17

 

 

 I AM ACCOUNTANT…..            
WRITING BOOKS….20 CONTRACTS…..          
MY QUESTIONS              
HOW TO CALULATE NP @8% OF PARTNESHIP FIRM…..      
SUPPOSE TURNOVER 85 LAC….MANUFACTURING ..SWEETS……SALE RETAILE COUNTER….
                 
ONE GROUP OF CA               
85 LAC SALE….NP-680000….ON WHICH TAX IS PAYABLE,,,,,OR AUDIT    
                 
2 ND GROUP OF CA              
85 LAC SALE…    .NP-680000…. 8 % PROFIT….        
 LESS---INTERST & REMUNERATION TO PARTNERS        
THEN……..  NO NEED TO AUDIT            
                 
YET,                
ASKING  TO CA…..ALL HAVE 2 DIFFERENT OPINIONS ????      
                 
CLARIFY                
                 
ATUL EML-- LOOK4U@REDIFFMAIL.COM        
  MOB-- 9969069215            


 0 Replies


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading