Tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 September 2013
According to Clause 28(a), "In the case of a trading concern, give quantitative details of
the principal items of goods traded"
What are principle items of goods?
Please explain with an example how to calculate it
Thanks in advance
the principal items of goods traded"
What are principle items of goods?
Please explain with an example how to calculate it
Thanks in advance
10 September 2013
Items which constitute more than 10% of aggregate value of purchases, consumption or turnover may be classified as "principle items".
Courtesy:- ICAI Publication.
Courtesy:- ICAI Publication.
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