Why do you want to show them in income tax return?
How to show multiple payments made to dimers for gift card purchase in income tax return ..
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Because they constitute a substantial part of my bank statement so not want to take any risk
As I remember you have wholesale shop , so file itr and you can show these as sale purchases , consult to ca .
Can he do this ? @third.i.financial.advisors
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Invite Nirmala Tai to have tea and ask her to add an AGV section in ITR for dimers.
If the purchases were towards a Business Transaction for example lets say a Mobile Dealer purchase Flipkart Gift Card at Discount to purchase Mobiles, that will be under Cost (COGS) in your Business Books.
Do keep list and not of all transactions in an excel or something this shall not be an issue.
Yes gvs were meant for business transactions..But my main concern is that I am not directly making payment to flipkart rather I am making it to dimer..For a business transaction to be settled one must make payment to the person from whom goods have been received?..Kindly guide on this issue
Invite Nirmala Tai to have tea and ask her to add an AGV section in ITR for dimers.