Accrual of income - Taxation in the light of Section 145 - the ...

Section 145: Overdue Charges Taxed on Cash Receipt Basis, Not Accrual, Due to Uncertainty in Recovery.

November 4, 2015

Case Laws Income Tax HC

Accrual of income - Taxation in the light of Section 145 - the terms of the agreements, which enable the assessee to demand overdue charges (AFC) is only an enabling provision and the recovery of overdue charges is not certain and is taxable on cash receipt basis and not accrual basis - HC

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Accrual of income - Taxation in the light of Section 145 - the ...

Section 145: Overdue Charges Taxed on Cash Receipt Basis, Not Accrual, Due to Uncertainty in Recovery.

November 4, 2015

Case Laws Income Tax HC

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