treatment of Duty Draback
This query is : Resolved
24 March 2010
What should be the treatment of Duty drawback received or receivable during the previous year for computation of Taxable Income of an assessee.
Plz reply
Thanks
Shammi
Plz reply
Thanks
Shammi
24 March 2010
IT IS TAXABLE U/S 28 UNDER THE HEAD BUSINESS OR PROFESSION.
25 March 2010
agreed. U/s 28(iiic)it is considered as profits and gains from business and profession.
25 March 2010
agree with expert
25 March 2010
agree with experts.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- 44AD VS 44AB AUDIT
- Computation of Dividend
- Query Regarding Refund Adjustment Against Outstanding Demand
- Multiple GST under same PAN
- TDS Intimation(Short Deduction)
- OTP ISSUE XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
- ITR FILING ISSUE
- Trust case
- Seeing a huge entry in AIS Purchase of time deposits (SFT-005), what it is for
- Itr processing delay
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
