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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Service tax to be included as part of the trading receipts – ...


Service tax receipts included in trading receipts but not treated as such; not part of assessee's total income.

November 9, 2013

Case Laws     Income Tax     AT

Service tax to be included as part of the trading receipts – Service tax receipt cannot be treated as a trading receipt. Hence, reimbursement of service tax cannot form part of total income of the assessee - AT

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