TaxTMI 
TaxTMI 
subcontactors profit
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....ubcontactors profit<br> Query (Issue) Started By: - ishwar hegde Dated:- 5-3-2012 Last Reply Date:- 8-3-2012 Income Tax<br>Got 2 Replies<br>Income Tax<br>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 inco....
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....me 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 con....
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....tractors and have to pay 3% commission to the main contractor. therefore is our contention justified? are there any cases for refferances? Plz answer.<br> Discussion Forum - Knowledge Sharing ....