What would be treatment
This query is : Resolved
20 October 2009
Respected Sir/ Madam
We have sold goods to our party in oct 08 but now in Oct 09 they have return our some material.so (i)So How to treat such entry. Should we have to revised our sale Tax Return of Oct 08, but it is difficult because to Income Tax related balance sheet also get effected from that? Plz Tell me what to do?
Thanks in advance
We have sold goods to our party in oct 08 but now in Oct 09 they have return our some material.so (i)So How to treat such entry. Should we have to revised our sale Tax Return of Oct 08, but it is difficult because to Income Tax related balance sheet also get effected from that? Plz Tell me what to do?
Thanks in advance
20 October 2009
so what?
enter it as sales return in current year. there is no question of refiling the return
enter it as sales return in current year. there is no question of refiling the return
20 October 2009
agreed give the effect of sales return in this years sales tax, income tax & all other returns.
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