Gross receipt

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 September 2013 Whether reimbursement of statutory fees paid on behalf of client be treated as gross receipt?

CS,CA F,Numrologi TusharSampat (Expert)
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18 September 2013 The ans is no as it is not an income as per defintition of income under sec 2(24) of income tax act.

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