Menu
Duty drawback taxability
Is Duty Drawback Recieved by an export house which exports under FTP scheme taxable under income tax act? State Reasons.
Replies (1)
No, DDB is not taxable as it is not an income, neither is any tangible benefit arising to the assessee.The liability to pay Duty did not exist since the goods were not actually exported.
Recent Threads
- December Heat, Beach Plans, and Finding Ways to Co
- Heard & Seen Around – Your Daily Economi
- Gst interest and penalty doubts regarding missing
- Import of goods IMS telated
- ITR 6 submitting Problem
- Partnership Firm Closure Process
- Why the Costing Department Is Important ?
- Difference in efiling portal and intimation order
- Income tax challan correction
- AGM WITH SHORTER NOTICE
Related Threads
CAclubindia
