DEAR SIR,
ANY ONE DIRECT ME IN THE FOLLOWINGS.
1. IN BLOCK OF ASSET WHETHER FIFO OR LIFO METHOD CAN BE USED FOR CALCUTING DEPRECIATION OF ASSETS DELETION
2.WHETHER ITS NECESSARY TO INCLUDE VAT CLLECTECED ON SALES AND VAT PAID ON PURCHASES IN INCOME TAX RETURN . MU CLIENT IS FOLLOWING VAT NOT CONSIDERING AS PART OF SALES. SEPARATE ACCOUNT LEDGER IS KEEPING FOR THAT AND NET PAYABLE IS SHOWING IN BALANCE SHEET. HE IS NOT ROUTING VAT THROUGH P&L
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