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Is Proforma invoice can be considered as a valid document

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Kishore Nuthalapati

Accountant for multiple small entities

171 Points Posted on 08 May 2023

Hi Experts

Could you please advise whether a proforma document can be considered valid for business expense for income tax purpose

Please advise

Thanks

Replies (2)

Quick Summary

A proforma invoice is generally not considered a valid document for business expense claims or income tax purposes. It serves as a preliminary document before a sale is confirmed and is often used to justify advance payments. For tax deductions, a final or tax invoice is typically required to prove that an actual transaction has taken place.