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Sale tax refund

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(Querist)
31 October 2014 received sale tax refund rs. 500000 FY 08-09 pls let me know under which group I can accounted , other income or operational income
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
07 November 2014 If the refund is already accounted previously and shown under current asset as receivables then you can give credit against that receivable else book as other income
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jitendra

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jitendra (Querist)
30 December 2014 is it prior period income ???




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