DEPB - Mercantile or Actual

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....EPB - Mercantile or Actual<br> Query (Issue) Started By: - VIRENDER PANDEY Dated:- 15-9-2009 Last Reply Date:- 22-2-2011 Central Excise<br>Got 1 Reply<br>Central Excise<br>Whether amount of Duty Drawb....

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....ack recd. during the Financial Year will be included in the Gross Turnover for the purposes Tax Audit under the Income Tax Act? And Whether the DEPB is also to be recorded on mercantile basis or shoul....

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....d be recorded only when recd. in actual? Reply By Rama Krishana: The Reply: DEPB is a business income and falling under section 28. Therefore, it is the part of gross turnvover for the purpose of ta....

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....x audit u/s 44AB.<br> Discussion Forum - Knowledge Sharing ....