Please Help: direct tax
Posted Date : 24-Dec-2016 , 04:39:15 pm | Posted By harish kumar vashishtha
in case of assessment of income ITO asked reason behind increased turnover but decrease direct expenses . guide us how can we convince ITO
Category : Income Tax | Answers : 0 | Comments : 2 | Hits : 182
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Rahul Kabra
24-Dec-2016 , 07:40:34 pmAsk him to compare net profit ratio
ANSHUL
28-Dec-2016 , 06:37:13 pmYou can give reference to market condition, if its genuine. Otherwise nature of exp and industry is required to know about before give answer.