Sales in first year & Return in Next year
This query is : Open
16 December 2009
A company has sold some goods to its sister concern in FY 2008-2009. Now in 2009-2010 the company would like to take back the said sold material.
Whether it could be possible to show it as a fresh purchase in our books? any accounting standards, norms, principles, policies on this issue?
Whether it could be possible to show it as a fresh purchase in our books? any accounting standards, norms, principles, policies on this issue?
20 December 2009
I think as per as VAT - We cannot claim sales return beyond 6 months
Other members Replies Obliged
Other members Replies Obliged
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
- Traces Portal
- U/s.234E late fee- balated filing the TDS returns
- Capital Gain Incidents
- Rectification of TDS return - Sale of property
- Clubbing of Income - Minor
- Cheque bounce intimation letter
- Applicability of corporate governance provisions as per the SEBI LODR
- Query for LTCG
- Capital gain property
- Transfer of shares from joint holders Demat to individual Demat accounts
- FORM 121 UNDER NEW INCOME TAX ACT 2025
- GED Exam Help
- ERROR IN DEPRECIATION CALCULATION IN PREVIOUS YEAR COMPANY'S BOOKS
- Regarding Individuals Retuned to India and Resident currently
- Minor Aadhar card cancelled
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
