Joining fees

This query is : Resolved 

03 September 2011 is a ltd company treated as a income the agents joining fees?

03 September 2011 Can be treated as other income

04 September 2011 Your question in not complete. Is joining fee is refundable? If yes then not to be treated as income but if it is non refundable then it can be treated as income.

Moreover what is the nature of business of the company. Treatment of joining fee as income shall also depend on the nature of business also.


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