return and tax
This query is : Resolved
17 September 2010
i am consultant in ferro alloys industry, i follow mercentile method of accounting,i raised an invoise to my client on 03/03/09, i have not received the payment.
DO I HAVE TO SHOW THE INCOME FROM THE SAID INVOICE IN MY INCOME TAX RETURNS.
please advice and about tax also
DO I HAVE TO SHOW THE INCOME FROM THE SAID INVOICE IN MY INCOME TAX RETURNS.
please advice and about tax also
Aditya Maheshwari
(Expert)
17 September 2010
If u follow mercentile method of accounting then u have to SHOW THE INCOME FROM THE SAID INVOICE IN UR INCOME TAX RETURNS
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Aditya Maheshwari
(Expert)
17 September 2010
revise if possible or show income in next year.
Message likes :
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18 September 2010
the invoice amount was Rs five lacs how much tax interest etc i will have to pay
18 September 2010
the invoice amount was Rs five lacs how much tax interest etc i will have to pay
Aditya Maheshwari
(Expert)
18 September 2010
tax as per slab rate applicable to you. Interest u/s 234B & 234C.
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