discount
This query is : Resolved
19 September 2016
Q1. Ashok purchase goods for rs.1lakh.As per terms, if ashok made full payment within 20 days, he will get a cash discount @2.5%. Ashok paid rs 50k within stipulated time. How much discount will he get?
19 September 2016
This is as per the terms and conditions with the parties .if the agreement stipulates full payment within 20 days .then full payment to be made within 20 days.
19 September 2016
so how much discount will he get in the above case?
19 September 2016
Sir, this question is irrelevant in corporate deals only the agreement between the parties to be considered. If you say you can negotiate the matter and get the discount for the amount paid by showing a genuine reason for not paying the balance amount probably they will give you the discount
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
