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Income tax

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(Querist)
13 August 2010 What is the meaning of Total Income U/s 12A (b) of IT Act. Whether total receipt of trust or income excess over the expenditure?
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
13 August 2010 HERE INCOME MEANS TOTAL RECEIPTS.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
13 August 2010 Total receipts will be total income.

income excess over the expenditure will be surplus.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
13 August 2010 agreed with experts.

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