Gross receipts
sambhaji shatawaji (28 Points)
22 December 2021but some customer transfer me money to buy material on behalf of him
then I considered that material in my turnover or not.
for the purpose of income tax.
please reply
sambhaji shatawaji (28 Points)
22 December 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 22 December 2021
Not correct practice, if occasional it will be allowed as reimbursement if bill in their name. But if regular, it will be added to your TO.
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