Exp treatement
This query is : Resolved
04 August 2013
x sale goods to y of Rs. 20000000/-. Y makes NEFT of rs. 18000000/- & Charge Bank charges of Rs. 200000/- of NEFT. What is the tratement ( nature of expense) in Income tAx.
07 August 2013
it will be cost of purchasing the goods by Mr.y and added to purchase of goods.
17 August 2013
Treatment in books of Mr. X
17 August 2013
Please be clear in your question. X is selling goods & it is a income. Where is the expense in this ?
17 August 2013
Y has to Make payment of Rs. 20000000 . he makes Payment through bank . Bank charges rs. 2000000/- . Y charges this amount 200000/- to x & Made payment Of Rs. 18000000/- Net. what is treatment in books ox x of Rs.200000/-
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