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Income Tax - Highlights / Catch Notes

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Accrual of income - income can be said to accrue only when it ...


Income Accrual for Tax: Due and Payable Conditions Must Be Met for Legal Recognition Under Tax Law.

August 22, 2016

Case Laws     Income Tax     AT

Accrual of income - income can be said to accrue only when it becomes due and must be accompanied by corresponding liability of the other party to pay the amount and only then it can be said that for the purpose of income-tax that the income has accrued to the assessee - AT

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