Export income

Tax queries 175 views 2 replies

Respected Sir,

                     One of my clients doing the business of EXPORT OF VEGETABLES AND FRUITS. when i try to file his return of income i find that the amount transferred to his account is through HUNDI basis. and also the invoice amount and the amount credited to the bank account are varies. how to deal this case.
                                                         Thanking you

Replies (2)

You need to segregate the amount of invoice and amount of actual realisation on remittnace received in foreign exchange when the payments is received. The difference between the two will be your profit or loss on foreing exchage rate difference at the time of invoice and at the time realisation of amoung recd.

thank you sir

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details