what is the tax treatment of cashback received for making cashless payments on fuel recharge made for vehicles used for the purpose of business?
3 Replies
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 01 April 2018
Reverse the same head for the fuel cash back...
Dhruv Pancholi
(Ca)
(137 Points)
Replied 01 April 2018
it is u r indirect income so u have to charged in credit side of p&l a/c
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 01 April 2018
The payment paid to Fuel Chareges...
Then the cash back will reversed the same way of FUEL CHARGES...
Then the cash back will reversed the same way of FUEL CHARGES...
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