How to show Receipts/ turnover in P& L? including taxes or excluding it?
Menu
Query on revised sch.vi
Replies (1)
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.
Recent Threads
- Foreign share dividend tax can be claimed in Sched
- CAPITAL GAIN ON SALE OF PVT LTD COMPANY'S SHARE
- Treatment of Capital subsidy for calculating taxab
- Time limit under section 119(2)(b) of ITA for AY 2
- How much cash allowed to loan prepayment to bank
- Procedure for 'inter-unit job work' under GST Act
- Advances received and Advances adjusted - HSN Summ
- Tax on Sale of Companys Shares
- Refund on Hold - Section 245
- CLARITY REGARDING ESIC WAGE CALCULATION AFTER NEW
Related Threads
CAclubindia
