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ACCOUNTING TREATMENT OF DUTY DRAWBACK RECEIVED

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Neelkanth (Querist)
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04 July 2008 Our company has received the duty drawback of Rs.1,50,000 my query is how to treat in receipt in the books of accounts ?

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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04 July 2008 As other income from business.

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