Easy Office

Room cancellation income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 August 2014 Dear sir, advance received and then cancelled due to party not visited on booking date. so which head i wil show this income?
Profile Image

CA Tejas Mistry

Profile Image

CA Tejas Mistry (Expert)
27 August 2014 it will be taxable under income from other source
Profile Image

CA Kishore Tallam

Profile Image

CA Kishore Tallam (Expert)
27 August 2014 GL name can be Room Cancellation Income. It can be disclosed as "Other Operating Income" in "Revenue from Operations".



Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
27 August 2014 ITs under other operating income.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links