sec 44ab tax audit professional fees income it person some expenses (stationeary) and fixed assets (car) amounts received from a pharma company f.y.22-23 as per show in 26 as and ais sec 194r as per it act.
question:
assessess above transaction show procedure in account books and it returns f.y.22-23
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Accounting entry doubt and it returns show procedure f.y.22-23
Replies (2)
Add the amount to its professional fees received.
It will be part of professional receipt and taxed accordingly.
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