subcontactors profit

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..... subcontactors profit
Query (Issue) Started By: - ishwar hegde Dated:- 5-3-2012 Last Reply Date:- 8-3-2012 Income Tax
Got 2 Replies
Income Tax
If main contractors commission is 3% , can we .....

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..... claim this out of 8% profit? Reply By Vivek Harsh: The Reply: kindly elaborate your quiery Reply By ishwar hegde: The Reply: sir, we have shown 4.8% net profit in a subcontractors return of inc .....

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..... ome 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 co .....

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..... ntractors and have to pay 3% commission to the main contractor. therefore is our contention justified? are there any cases for refferances? Plz answer.
Discussion Forum - Knowledge Sharing .....

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