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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

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

this is just advance amount.. not the actual expenses

07 June 2014 both the ans are no.....................................


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