ABOUT TAXABLE OR NOT TAXABLE INCENTIVE RECEIPT

Tax queries 168 views 2 replies

HII, RESPECTED EVERYONE
My client has running petrol pump business and whom have nayara agency, in nayara ledger to receipt i see first is a (HSD/MS) Product linked incentive and second is (HSD/MS) Channel Incentive, so i want to know that, is a revenue receipt or capital receipt and is a taxable receipt or non taxable in income tax,


Attached File : 3880584 20230808182008 whatsapp image.pdf downloaded: 5 times
Replies (2)
It is revenue receipt and subject to taxation
Is a revenue receipt or capital receipt

-> It is REVENUE RECEIPT.


and


is a taxable receipt or non taxable in income tax,

-> it's TAXABLE RECEIPT as per Applicablity...


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