banner_ad

Income tax return query

301 views 6 replies

In profit and loss account , sale of goods amount without gst is 4500000 and withgst 5310000. so query is what amount will take for showing sale of goods amount in profit and loss account in income tax return?

Replies (6)
450000
because of accounting entry
Its excluding tax amount that is 45l
Thank you
You can also write to me  at sthayin @ gmail for further assistance
ITR 3 SPECIFY THE FORMAT.
SALE IS ALWAYS DISCLOSED ANY TAXES.

SaLe alway disclosed any taxes meaning show 5310000?

@ deepak
sorry sale is always disclosed net of taxes
in Returns except as otherwise stated.
For ITR 3 Sales amount is without GST (that is net of GST) Rs. 45 lakhs

For ITR 4 - under 44AD -- Sales (Turnover) amount is Gross sales that is with GST - Rs 53.10 lakhs


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details