Can I deduct Customer returns on income tax?
Customer returns for refund. Can I deduct the refunds from the total sales on income tax?
If yes, what do I do in case the refund is in the following year (after the tax year cut off)? Do I just lump it into the next year's sales?
I am following the http://pierrelebel.com/lists/P&L-sample.htm model.
Thanks.
