Hello
Whether Purchase Return have to be shown in RG 23 part 1 ??
3 Replies
Subramanya
(Tax Consultant)
(526 Points)
Replied 08 December 2014
Yes,
As Purchase return of Finished goodss are considered as Deemed Inputs, it should be shown separately in RG 23 A Part 1 for the Finished goods returned.
with regards,
Subramanya
CA Mehul
(Quality Assurance of Finance Software)
(172 Points)
Replied 08 December 2014
If goods purchased by organisation are returned by organisation, then how it could be Deemed Input??
Subramanya
(Tax Consultant)
(526 Points)
Replied 08 December 2014
Dear CA Mehul,
Sorry..
I understood your query incorrectly.
Recent Topics
- People Asking For Refund In New Scheme
- PRE FILLED ITR
- Taxability of gift to wife
- ITR AY 2025-26 AY
- Gold metal on lease to father properiotership fi
- Professional Tax for Branch Offices
- Advance Tax for Individual/Prorietor
- How to claim refund for a 26QB challan with status
- Gold metal depsoit of near one
- Which ITR form to fill for FY 24 - 25
Related Threads
Trending Online Classes
-
Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance
CA Vishal Zawar14 June 2025 -
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
