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INCOME TAX Composition delear
sir my friend running Medical shop he is in COMPOSITION delear, while preparing Profit and loss , in purchase we have take including tax purchase and including tax sales and we have paid 1% tax that we have to expenses
Replies (3)
Tax paid shown under indirect expemsesy
We have to take including tax purchases and including taxs sales
Purchase is to be shown including taxes but sale excluding tax.
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