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Querist : Anonymous

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Querist : Anonymous (Querist)
31 May 2014 SUPPOSE IN ENTIRE YEAR I HAVE ONLY ONE TRANSACTION I.E. ADVANCE RECEIVED FROM ONE CUSTOMER SAY RS. 50000.THEN MY QUESTION IS CAN I LIABLE TO PAY TAX ON SUCH AMOUNT
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Rupesh Jain

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Rupesh Jain (Expert)
31 May 2014 no you will tax pay on your income.
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Querist : Anonymous

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Querist : Anonymous (Querist)
31 May 2014 CAN I ELIGIBLE FOR DEDUCTION AS AN EXPENDITURE IF PAID AS ADVANCE TO ANY PERSON (FOR ROUTINE ACTIVITY )
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Guest

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Guest (Expert)
31 May 2014 no you cant claim expense.. until actually expense is incurred....

this is just advance amount.. not the actual expenses
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
07 June 2014 both the ans are no.....................................
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