Income from Undisclosed Receipts Assessed at 8% Net Due to Unrecorded Expenses Noted in Case on Income Accrual.

Accrual of income - determination of income out of the receipt not disclosed in the books of account - when the receipts were out of the books of accounts, the payment on account of expenses may also be out of the books of accounts - net income will be 8% - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X