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Reimbursement fees received is income

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 December 2015 Hi we have received 56000 from clients for fees paid by us to govt for filling. It will be treated as income or not.
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CA CS Jainam Shah

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CA CS Jainam Shah (Expert)
07 December 2015 No it will not be treated as income. It will be treated as reimbursement of expenses.
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Querist : Anonymous

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Querist : Anonymous (Querist)
08 December 2015 under which head it will needs to be shown.
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CA CS Jainam Shah

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CA CS Jainam Shah (Expert)
08 December 2015 It will be shown as outstanding from client and their account will be cleared off when amount is received from them.
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Querist : Anonymous

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Querist : Anonymous (Querist)
08 December 2015 but reimbursement exp receipts needs to shown in which head like indirect exp, indirect incomes.

plz reply.
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CA CS Jainam Shah

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CA CS Jainam Shah (Expert)
08 December 2015 You can show as a debtors. When you receive payment from client then you can clear account.
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