SIR
THE ADVANCE AMOUNT TRANSFERRED TO INDIRECT INCOMES IN THE P&L ACCOUNT AND SUBSQUENTLY INVENTORY ALSO REDUCED. THE ADVANCE AMOUNT BEING RECEIVED FOR MANUFACTURE OF GOODS. PLEASE LET ME KNOW THE TRANSFERRED ADVANCE AMOUNT IS CHARGEBLE UNDER WHICH HEAD WHETHER BUSINESS INCOME OR CAPITAL GAIN. WHICH HEAD IS APPLICABLE.
PLEASE CLARIFY
REGARDS
S. RAVICHANDRAN
CAclubindia
