Client gets some discount on every bill(on record)while he purchases goods.we are showing that amount separately in 'Discount on Purchase' column.In which column we have to show this amount while filing ITR balance sheet.Is this comes under 'operating profit'.
2 Replies
Sumit Bagra
(CA)
(74 Points)
Replied 16 December 2021
Discount on purchases should be netted off with purchases.
Rajeev Goel
(9 Points)
Replied 16 December 2021
I have unclaimed TDS of previous years., but forgot to carry forward the same while filing ITR last year. please advise how can it be claimed now.last year iTR has been assessed
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