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Sales return

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 November 2014 Whether sales return has to be deducted from sales figure?

For audit purpose, which amount will be consider, gross sales or sales after deducting sales returns??
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Amol S Joglekar

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Amol S Joglekar (Expert)
28 November 2014 The method of accounting will play a major role in this.
Normally the NET sales (Sales less returns if any) are considered for the TAX AUDIT purposes.

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