Mercantile system, Advance receipt of Fees, Service to be ...
High Court Rules: Advance Receipts Not Taxable Until Services Rendered, Aligned with ICAI Accounting Standard 9.
June 20, 2011
Case Laws Income Tax HC
Mercantile system, Advance receipt of Fees, Service to be rendered in next year, Tax cannot be levied in the year of receipt, get support from AS 9 of ICAI, HC
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