Tax Audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 April 2010
Does the term Gross Receipt includes amount received for share allotment from the director of a company for Tax Audit purpose?
29 April 2010
No, gross receipt means receipts from sales ot services
CA Ashok Kumar Sahu
(Expert)
29 April 2010
NO, RECEIPT FOR SHARE APPLICATION IS NOT A PART OF GROSS RECEIPT U/S 44AB
29 April 2010
AGREE WITH EXPERTS
29 April 2010
No
CA Ravi Sisodia
(Expert)
29 April 2010
NO
CMA Ramesh Krishnan
(Expert)
02 May 2010
gross recipts not include Share application money
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