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Please Help: direct tax

Posted Date : 24-Dec-2016 , 04:39:15 pm | Posted By: Harish Kumar Vashishtha

Category : Income Tax | Answers : 0| Comments : 2| Hits: 176

in case of assessment of income ITO asked reason behind increased turnover but decrease direct expenses . guide us how can we convince ITO

Comments
Posted By : ANSHUL 28-Dec-2016, 06:37:13
You can give reference to market condition, if its genuine. Otherwise nature of exp and industry is required to know about before give answer.
 
Posted By : Rahul Kabra 24-Dec-2016, 07:40:34
Ask him to compare net profit ratio
 

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