Rahul Bose (32 Points)
23 March 2022we ( partnership Firm) received a grant from IIM of Rs.7lac & treat as Indirect Income (Bank A/c -DR & Grant received -CR)but profit increse.
.
How deducted this grant from Profit in Income Tax return ?
Lalit Pandey
(Indian Business Researcher)
(313 Points)
Replied 23 March 2022
Rahul Bose
(32 Points)
Replied 23 March 2022
is there any other solution to avoid tax liablity on grants
CAclubindia
