Income tax audit
vikram kerekar (1244 Points)
04 June 2018
VAT and GST Sales to be shown as Net Sales or Gross Sales in Income Tax Audit Report?
5 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 04 June 2018
VAT or GST or the IDT related values are under the head of Current Asset or Current Liabilities. These figures are not calculated in the Turn Over values...
The Basic Value or Assesable value are taken in the Turn Over value of Income Tax...
*To be shows Net Sales...
The Basic Value or Assesable value are taken in the Turn Over value of Income Tax...
*To be shows Net Sales...
Recent Topics
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
- MAHARASHTRA CHARITY COMMISSIONER WEBSITE
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
- TDS Provisions applicability Tax Audit Individual
- NAME CHANGE OF HUF
- Advisory for Reporting TDS Deducted by scrap Deale
- Section 194 J Technical Service/Professional Servi
- Solving of Export Related Problems
Related Threads
CAclubindia
