2 Replies
ashish gupta
( student)
(1922 Points)
Replied 10 November 2011
In my opinion it should be under income from PGBP as CST paid is allowed as expense so the refund should also be included in the income from PGBP
CA Kumar Mukesh
(CA CMA FINAL and Advance Excel Trainer)
(6881 Points)
Replied 10 November 2011
if its already claimed as exp in any py then its should be treated as income when its received u/s 41(1)
other wise it can treated as Income from other sources
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