tax on inward remittance before closing of fin year
This query is : Resolved
20 March 2009
I have a propritership company involve in export of good and services.Could you please let me know if I receive any remittance in F.E. in the month of March and the supply of goods and services will be executed in April .Is there any tax liabilty on the inward remittance.
24 March 2009
Treat it as advance and deal accordingly.
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