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Accountancy Forum The Profession Tax v
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expenses in wealth statement

 
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expenses in wealth statement
Izhar Ul Haq
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#1
10-19-2016, 06:53 PM
suppose I'm running a small individual business having turnover for about 30 mln and also submit wealth statement under section 116, if my net profit is 1.5 mln then it is necessary to shown the expenses in the wealth statement upto 1.5 mln not more than this amount. is this right
Izhar Ul Haq
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Posts: 14
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#2
10-23-2016, 04:20 PM
is there anyone who can answer the question please
Izhar Ul Haq
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#3
10-26-2016, 03:24 PM
it seems that at this forum, there is no advanced professional who can answer the question, I asked another question in the past but I did not get the response from the users, so is there anyone who can answer the question please.
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