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.
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