sir sales amount
a) only taxable amount
b) total value ( taxable + tax)
I have doubt because in profit and loss account sales includes only taxable value ( in tally)
but according to 26AS receipt includes tax value.
if we don't take according to 26as demand notice will rise for difference in 26as.
which amount we consider in income tax ?
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sales amount shown to income tax in itr
Replies (1)
Tax amount is never a part of sale.. sale amount will be only sales value exclusive of tax amount.
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