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Exp treatement

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(Querist)
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.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
07 August 2013 it will be cost of purchasing the goods by Mr.y and added to purchase of goods.
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sahil mahajan

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sahil mahajan (Querist)
17 August 2013 Treatment in books of Mr. X
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CA Mukesh Jain S

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CA Mukesh Jain S (Expert)
17 August 2013 Please be clear in your question. X is selling goods & it is a income. Where is the expense in this ?
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sahil mahajan

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sahil mahajan (Querist)
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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