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Income tax return filling
How to reflect the purchase return of stock in current year, which was recorded as closing stock of last year. And their is no sales and purchase during the Current-year. As Negative purchase is not accepted in IT return and neither its my Sales or Income. How can i reflect such effect in my IT return?
Replies (2)
my opinion is
don't show any value in opening stock as well.... and file zero return and you may receive notice also you should explain the same.... to them...
don't show any value in opening stock as well.... and file zero return and you may receive notice also you should explain the same.... to them...
Yes, i will receive the IT notice for sure, ty for ur Rply, any other way than plz share.
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