does income from sale of scrap(old damaged materials) of rs 1 lac is taxable in the hand of salaried person ??
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185456 Points)
Replied 19 June 2023
What was the cost of the damaged material?
sabyasachi mukherjee
(27723 Points)
Replied 19 June 2023
Net realisable value as per revenue recognition.
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