Dear all,
I have received an cheque on behalf of contract, pls. tell me wheter it is taxable or not, as the income comes after completion of some percentage of work
1 Replies
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 06 May 2010
Yes, i think in ACCOUNTS, AS 9 deals wid d same... And income tax too, such income is chargeable
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