whether to show gross sales or purchase or net sales or pur
This query is : Resolved
19 September 2008
when we present income tax returns , do we need to show sales at gross or net ( excluding vat, excise, services tax) in the profit and loss a.c. if we show gross for both sales and purchases, what abt vat libaility which otherwise would have come as payable under current liabilites in balance sheet.?
can anyone throw light as to what is the right way to present accounts both income tax purposes and roc filing
can anyone throw light as to what is the right way to present accounts both income tax purposes and roc filing
20 September 2008
PLease indicate the status (costitution) of the assessee.
20 September 2008
assessee is a private limited co and another is proprietory concern
08 February 2009
excise duty is certainly to be included. As far as vat & service tax is concerned, pl check if after inclusion of these turnover excees 40 lacs than it should be included else it does not make any difference
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