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Provision for rate increase/decrease

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3 Points Posted on 16 September 2023
provision for supplementary price increase decrease for raw material exempt or not in income tax?
actual supplementary debit note received in next finance year
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On 16 September 2023 at 20:57 Report
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"Do the Right Thing...!!!"
128147 Points Posted on 16 September 2023
If we provide provisional entries then its impacted in the Accounting of the same year.
463 Reply
On 16 September 2023 at 23:30
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Profession Business
28196 Points Posted on 19 September 2023
There is no rule in income tax by which any price increase can be supplemented by corresponding raw material price increase.
44 Reply
On 19 September 2023 at 06:27


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