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Income Tax - Highlights / Catch Notes

Home Highlights June 2014 Year 2014 This

Accrual of interest income on delayed payment of compensation ...


Interest from Delayed Land Compensation Payments to be Taxed Annually on Accrual Basis, Not Upon Receipt.

June 26, 2014

Case Laws     Income Tax     AT

Accrual of interest income on delayed payment of compensation for land acquisition – the interest received is to be assessed on accrual basis year to year and not to be assessed in its entity in the year of receipt - AT

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