Can i take last year's purchase bill (dated-22-03-18), i.e. FY 17-18 purchase bill for which Income tax return is filed, in the current year i.e. FY 18-19 as a purchase ?
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Last year purchase bill in current year (income tax purpose)
Replies (2)
yes you can take but you won't get any tax benefit as it' related to prior period.
how did you manage your closing inventory for 2017-18
how did you manage your closing inventory for 2017-18
Accounting is not on stock basis. Its only accounting.
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