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Querist : Anonymous

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Querist : Anonymous (Querist)
31 May 2014 SUPPOSE IN ENTIRE YEAR I HAVE ONLY ONE TRANSACTION I.E. ADVANCE RECEIVED FROM ONE CUSTOMER SAY RS. 50000.THEN MY QUESTION IS CAN I LIABLE TO PAY TAX ON SUCH AMOUNT

31 May 2014 no you will tax pay on your income.

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 May 2014 CAN I ELIGIBLE FOR DEDUCTION AS AN EXPENDITURE IF PAID AS ADVANCE TO ANY PERSON (FOR ROUTINE ACTIVITY )


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31 May 2014 no you cant claim expense.. until actually expense is incurred....

this is just advance amount.. not the actual expenses

07 June 2014 both the ans are no.....................................



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