How to show multiple payments made to dimers for gift card purchase in income tax return ..

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Deal Subedar
7dipanshugul...
Bulk payments have been made over the period of time...
Kindly post your advices in comments
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Deal Cadet Deal Cadet
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Invite Nirmala Tai to have tea and ask her to add an AGV section in ITR for dimers.

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Deal Cadet Deal Cadet
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Why do you want to show them in income tax return?

Deal Subedar Deal Subedar
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Because they constitute a substantial part of my bank statement so not want to take any risk

Budding Star Budding Star
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As I remember you have wholesale shop , so file itr and you can show these as sale purchases , consult to ca .

Budding Star Budding Star
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Can he do this ? @third.i.financial.advisors

Budding Star Budding Star
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Deal Cadet Deal Cadet
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Invite Nirmala Tai to have tea and ask her to add an AGV section in ITR for dimers.

Deal Cadet Deal Cadet
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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.

Deal Subedar Deal Subedar
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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

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