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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
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JAGANATHAN R ACMA, SAP(Fi-Co)

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JAGANATHAN R ACMA, SAP(Fi-Co) (Expert)
21 June 2018 deposit under current assets only
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RAJA P M

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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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