Income tax
This query is : Resolved
13 August 2010
What is the meaning of Total Income U/s 12A (b) of IT Act. Whether total receipt of trust or income excess over the expenditure?
CA Sanat Pyne
(Expert)
13 August 2010
HERE INCOME MEANS TOTAL RECEIPTS.
Message likes :
1 times
13 August 2010
Total receipts will be total income.
income excess over the expenditure will be surplus.
income excess over the expenditure will be surplus.
Message likes :
1 times
13 August 2010
agreed with experts.
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