sir,
In the last month I made 10lakhs POS PURCHASE.
did this purchase can consider in income tax.
Menu
POS PURCHASE
Replies (5)
if that is for business purpose, then yes.
this is (For personal pos purchase only)
not allowed
if I do more than 1crore pos purchase in a year with my bank account.
then
is there any tax on purchase amount.
it is completely personal only.
then
is there any tax on purchase amount.
it is completely personal only.
Sravan, there won't be any tax on your purchases if you would be able to subtantiate the source of funds used for the purchase.
Summarize this with AI
Recent Threads
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
Related Threads
CAclubindia
