Query regarding Form 23ACA - Part B - Income Part
This query is : Resolved
Guest
Guest
(Querist)
16 October 2009
A Private Limited is in the business of medical & allied sciences.
The company has earned income in the form of CLINICAL TRIAL FEES.
Whether this income should be put under 'Domestic Turnover - (iii) Sale or supply of services or
Simply, mention as 'Other Income' - I feel this may not be appropriate.
The appropriate one may be 'Supply of Services'.
Can the experts confirm my understanding to enable me proceed on the matter ?
The company has earned income in the form of CLINICAL TRIAL FEES.
Whether this income should be put under 'Domestic Turnover - (iii) Sale or supply of services or
Simply, mention as 'Other Income' - I feel this may not be appropriate.
The appropriate one may be 'Supply of Services'.
Can the experts confirm my understanding to enable me proceed on the matter ?
CA. B.SRINIVASULU
(Expert)
16 October 2009
Appropriate one will be supply of services.
CS Vandana Kacholia
(Expert)
20 October 2009
agree
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