Vat
This query is : Resolved
Dinesh Kothari
(Querist)
09 August 2012
what effect in profit when we follow inclusive method or exclusive method in income tax which method allow ?
Rajnish Singh
(Expert)
09 August 2012
EITHER YOU ADOPT INCLUSIVE METHOD OR EXCLUSIVE YOU SHOULD PAY THE VAT AND AT THE TIME OF FINALISATION YOU SHOULD KEEP IN MIND THAT TAX PART SHOULD BE ADJUSTED FROM SALE AND PURCHASE .
IF YOU OPT COMPOSITION SCHEME THAN YOU CAN OPT TO PAY AND COMBINE FIGURE CAN CONSIDER FOR INCOME TAX AND FINALISATION PURPOSE.
THANKS
RAJNISH
IF YOU OPT COMPOSITION SCHEME THAN YOU CAN OPT TO PAY AND COMBINE FIGURE CAN CONSIDER FOR INCOME TAX AND FINALISATION PURPOSE.
THANKS
RAJNISH
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