https://www.taxtmi.com/forum/issue?id=1501 DEPB receipts constitute business income and must be included in gross turnover for the purposes of tax audit under the Income Tax Act; this classification frames the question whether DEPB should be recorded on a mercantile or actual basis. en-us Tue, 15 Sep 2009 10:22:59 +0530 Thu, 23 Jan 2025 15:58:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1501 DEPB receipts constitute business income and must be included in gross turnover for the purposes of tax audit under the Income Tax Act; this classification frames the question whether DEPB should be recorded on a mercantile or actual basis. Discussion-Forum Central Excise Tue, 15 Sep 2009 10:22:59 +0530 https://www.taxtmi.com/forum/issue?id=1501