If the discount is considered a price adjustment, it may not be taxable. For example, if the seller and buyer agreed on a lower price for the goods or services due to a defect or other issue with the product, the discount may not be considered taxable income for the seller.
Aggarwal Sarawagi and Co
New Delhi
CA
View Details
O P Bagla & Co LLP
New Delhi
CA Inter
View Details
CAclubindia
