How to show Receipts/ turnover in P& L? including taxes or excluding it?
1 Replies
sandeep k. gianchandani
(Practicing Chartered Accountant)
(60 Points)
Replied 01 September 2012
Dear friend
AS override the revised schedule VI and AS-9 states that revenue recognition must be net of the tax and hence the revenue recognition must be done net of tax.
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