CST refund

Tax queries 531 views 2 replies

Pls tell me how to treat CST refund--whether as PGBP or INCOME FROM OTHER SOURCES.

Replies (2)

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

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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