ADVANCE RECEIVED FROM CLIENT IS TAXABLE IN THE HAND OF LAYER( LAND REGESTRATION PRACTIONER)
LALIT KUMAR GANERIWAL (accountant) (241 Points)
09 December 2011ADVANCE RECEIVED FROM CLIENT IS TAXABLE IN THE HAND OF LAYER( LAND REGESTRATION PRACTIONER)
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 10 December 2011
REceipt of advance is point of taxation and hence tax liability arises.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)