To acknowledge credit note
This query is : Resolved
24 December 2014
Sir,
We have purchased material of Rs.3Lac and return material of Rs.2Lac back, and demanded for credit note. our supplier provide us Credit Note of Rs.2Lac, but our purchaser want one copy of credit note to be acknowledge from our side.stating reason that tax dept (e.g.Sales or Income Tax will demand the same) want the same for checking purpose.Whether acknowledging credit note to be correct from our side?
Please inform me whether this right or wrong. Waiting for your advice.
Yours,
Pravin
We have purchased material of Rs.3Lac and return material of Rs.2Lac back, and demanded for credit note. our supplier provide us Credit Note of Rs.2Lac, but our purchaser want one copy of credit note to be acknowledge from our side.stating reason that tax dept (e.g.Sales or Income Tax will demand the same) want the same for checking purpose.Whether acknowledging credit note to be correct from our side?
Please inform me whether this right or wrong. Waiting for your advice.
Yours,
Pravin
24 December 2014
It is proper to acknowledge the credit note.
24 December 2014
you have to acknowledge the credit note.
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
