Forums
Direct Taxation
Why the Compensation for cancellation of a licence by the government resulting in cessation of business is revenue receipt... Since It is not ordinary course of business...
Subha N
CA Inter
★ 4K+
01-Oct-20 22:43
313
Answers (2)
Its specifically charged to income from business.
CA Suraj Lakhotia
Admin
02-Oct-20 11:49
CA Suraj Lakhotia Admin
okie sir.. Thank you..
Thread Starter
02-Oct-20 12:16