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subcontactors profit , Income Tax |
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subcontactors profit |
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If main contractors commission is 3% , can we claim this out of 8% profit? Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
kindly elaborate your quiery
sir, we have shown 4.8% net profit in a subcontractors return of income and the case is sellected for scrutiny. the Ao is asking us to agree for 8% N/p because he is not satisfied with the books and vouchers/ bills maintained. our cntention is that we are the sub contractors and have to pay 3% commission to the main contractor. therefore is our contention justified? are there any cases for refferances? Plz answer. Page: 1 Old Query - New Comments are closed. |
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