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Discount Received from supplier
One of supplier gave us every year 200k discount on purchase and we have to show that discount in our income, therefore our tax increase, Is there any another way to write off creditor balance instead of discount received
Replies (1)
No, you cannot write off the creditorand have to book the discount/incentive as other income or you cna adjust it with the particular expenditure. The effect on the profit will remain same.
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