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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Accrual of income - Recognizing the revenue when the sale deed ...


Revenue Recognition Timing for Sale Deeds Misaligned with Cash or Mercantile Accounting Systems.

February 10, 2015

Case Laws     Income Tax     AT

Accrual of income - Recognizing the revenue when the sale deed has been registered by the Assessee in favour of the buyer cannot be regarded to be either cash or mercantile system of accounting - AT

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