TIP taxability

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....IP taxability<br> Query (Issue) Started By: - NAV HIND JAIN Dated:- 20-2-2009 Last Reply Date:- 24-2-2009 Income Tax<br>Got 2 Replies<br>Income Tax<br>TIP RECEIVED IN HOTEL LINE IS TAXABLE UNDER WHAT ....

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....HEAD Reply By Sachin Agarwal: The Reply: Dear Nav Hind, TIP will taxable in the head of teh Business or profession. please write if there is any other confusion in this regard. sachinagarwalcallb@g....

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....mail.com Reply By Sunil Jain: The Reply: Technically speaking Tip recd in hotel business is paybale to the staff and is to be credited as receipt and debited in Tips and incentive account. However in ....

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....case the entire amount is not paid to the staff the diffrence will automatically be shown as part of income in the profit and loss account of the assessee.<br> Discussion Forum - Knowledge Sharing ....