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Consignment sales

This query is : Resolved 
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(Querist)
19 July 2013 SIR,
WE HAVE PURCHASED GOODS FROM OUT OF STATE ON CONSIGNMENT. WE HAVE RECEIVED TOTAL Q.1000 REDGRAMS. THE YEAR 11-12 Q.500 WAS SOLD. THE REMAINING Q.500 IS SHOWN IN IT RETURNS AS A CLOSING STOCK OR NOT. ONE DOUBT SIR THESE TURNOVERS ARE REFLECTED IN IT RETURNS OR NOT. THE TOTAL QUINTALS ARE SOLD WE HAVE SHOWN COMMISSION IN IT RETURNS IS CORRECT OR NOT.
PLEASE GIVE ME REPLY SIR
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Anil Sankar V

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Anil Sankar V (Expert)
19 July 2013 so, it is not trading business. as declared to income tax dept.
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