Taxation


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Querist : Anonymous

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Querist : Anonymous (Querist)
21 June 2018 is refundable security deposit received on shops and godown by religious and charitable trust formed in 1951 is considered as income of trust .st

21 June 2018 deposit under current assets only

RAJA P M (Expert)
21 June 2018 No... It's not treated as Income.
The deposits will be booked under "Current Liability - Loans and Advances" head...


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