Queries regarding Form 3CD

Hi

Pls find the attachment.

In case of any query, pls feel free to revert!

Thanks

Shikha Bajaj

@ sikha bajaj: thanx..dt was rily useful

Thank You Miss Shikha, for your valuable views.

But I want to know whether discount received on purchase or on making early payment, shown on the credit side of the P& L A/c should be counted in the Gross Receipts.

Hi

In my view, Discount recd should not form the part of gross receipts.

Rather we can interprete as we can take the deduction as purchase less discount to arrive at profits.

No discount received  should not be counted in gross receipts