Contact us   Feedback   Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Advance Forfieted

Central Excise - Started By: - Amit Nayak - Dated:- 24-1-2017 Last Replied Date:- 24-1-2017 - Dear Sir, in my company ,one party was order to supply the material and we also received advance amount agt po amount ₹ 2800000.after the material is lying in our factory premises and the order was cancel.So,we take it in balance sheet as amount in other income head.Is there any tax liability in this Forfieted amount as per section 66E(e). Please advice . - Reply By Rajagopalan Ranganathan - The R .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version