Sale tax refund
This query is : Resolved
31 October 2014
received sale tax refund rs. 500000 FY 08-09 pls let me know under which group I can accounted , other income or operational income
CMA Ramesh Krishnan
(Expert)
07 November 2014
If the refund is already accounted previously and shown under current asset as receivables then you can give credit against that receivable else book as other income
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