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in the calculation of taxable busi. income what the treatment of sales tax paid?
Replies (2)
please explain it...! bcoz its not understanding...!
Sir sales receipts or turnover to be considered for Audit are always exclusive of sales tax paid..
Since Sales tax paid is not our income but our liability towards government so it is not included while determining the business income..
Since Sales tax paid is not our income but our liability towards government so it is not included while determining the business income..
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