Refund from respective authorities is not either income or expense of business & profession so why its included in credit side of profit and loss a/c as per form 3CD point 13 sub clause (b)
Menu
FORM 3CD
Replies (3)
form 3CD point 13 sub clause (b) "amount of any refund not credited to P &L only "
Read this clause care fully
Madhusudan Kabra
i have readed that point several times and it states that IF THIS INCOME IS NOT CREDITED TO P/L A/c THEN SHOW IT HERE
this type of recipet is not credited in P& \L a/c so that is why we show it here ......
Recent Threads
- LTCG Tax & Indexation on Debt Mutual Funds Sol
- Section 45(5A) and 194IC with carry forward of tds
- Paid tax amount, CIN generated and challan downloa
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
- LTCG Tax on property
- Short term gain in itr2, missing 111A
- Errors in ITR Filing: Minimum One Character Requir
- Which ITR Opt
- Employer Details for NRI
Related Threads
CAclubindia
