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Limit of discount on sales

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 July 2011 DEAR SIR,

I WANT TO KNOW HOW MUCH WE ARE GIVING DISCOUNT ON SALES OR TOD(TURNOVER DISCOUNT )ANY LIMIT FOR DISCOUNT. I AM GIVING DISCOUNT 52 LACS@5%. THIS IS POSSIBLE OR NOT.

THANKS IN ADVANCE
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
26 July 2011 You cannot sale the purchased goods on Loss if you are giving discount. If there is profit then you can give any discount
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Querist : Anonymous

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Querist : Anonymous (Querist)
27 July 2011 Thank you very much
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