Hi Experts
Could you please advise whether a proforma document can be considered valid for business expense for income tax purpose
Please advise
Thanks
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Is Proforma invoice can be considered as a valid document
Replies (2)
In my opinion, NO. Proforma invoice has no legal validity. Its a document before confirmation of sale.
to know whether actual transaction has taken place or not and to claim it as business expense, final invoice or Tax invoice is necessary
Proforma invoice is a document justifying advance payment in part or in full.
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