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VAT, SALES TAX, EXCISE REFUND

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(Querist)
02 November 2010 WHETHER VAT,SALES TAX OR EXCISE REFUND RECEIVED BY THE DEALER TO BE SHOWN UNDER PGBP OR UNDER INCOME FROM OTHER SOURCES?


REGARDS,
DEVENDRA
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
02 November 2010 It should be shown in the same place where is was claimed as a deduction earlier if not claimed as an expenses under business & profession.

It is taxable u/s 28 only.

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