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Income tax return query


deepak (PCS)     14 October 2019

deepak
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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?

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Rohit Toshniwal   14 October 2019

Rohit Toshniwal

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450000
because of accounting entry

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CA Dhruva Kalamanji (Chartered Accountant )     14 October 2019

CA Dhruva Kalamanji
Chartered Accountant  
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Its excluding tax amount that is 45l
Thank you
You can also write to meĀ  at sthayin @ gmail for further assistance

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sabyasachi mukherjee   15 October 2019

sabyasachi mukherjee

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ITR 3 SPECIFY THE FORMAT.
SALE IS ALWAYS DISCLOSED ANY TAXES.

deepak (PCS)     15 October 2019

deepak
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SaLe alway disclosed any taxes meaning show 5310000?

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sabyasachi mukherjee   15 October 2019

sabyasachi mukherjee

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@ deepak
sorry sale is always disclosed net of taxes
in Returns except as otherwise stated.

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Kapadia Pravin   15 October 2019

Kapadia Pravin

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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


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