Sindhu (Executive) (35 Points)
30 July 2018ABC Company has recevied amount from governement (startup cell) for giving some presentation total amount amount Rs.30 Lakhs and ABC has utilised the amount for company expenses as per their terms and conditions. For this how I can pass the entry. please help..
Ruchika Somani
(Coaching and Practice in Tax Audit Law)
(4429 Points)
Replied 30 July 2018
Income from Other Source Head, Other Income.
It will be taxable as per taxability of ABC ltd
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 30 July 2018
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 30 July 2018
CAclubindia
