DEPB - Mercantile or Actual

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..... DEPB - Mercantile or Actual
Query (Issue) Started By: - VIRENDER PANDEY Dated:- 15-9-2009 Last Reply Date:- 22-2-2011 Central Excise
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Central Excise
Whether amount of Duty Draw .....

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..... back recd. during the Financial Year will be included in the Gross Turnover for the purposes Tax Audit under the Income Tax Act? And Whether the DEPB is also to be recorded on mercantile basis or shou .....

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..... ld be recorded only when recd. in actual? Reply By Rama Krishana: The Reply: DEPB is a business income and falling under section 28. Therefore, it is the part of gross turnvover for the purpose of t .....

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..... ax audit u/s 44AB.
Discussion Forum - Knowledge Sharing .....

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