Excess purchase return reporting in ITR

This discussion addresses how to report excess purchase returns in an Income Tax Return (ITR) when they result in negative purchases for the financial year. The user is seeking guidance on how to accurately reflect this in the P&L statement, as the ITR system doesn't allow negative figures. Advice includes correctly showing purchase and sales figures in Schedule Cl, adjusting the cost of goods sold in Schedule COGS, and ensuring the net profit or loss is accurately reflected in Schedule PL.