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Income Tax - Highlights / Catch Notes

Home Highlights August 2017 Year 2017 This

ICDS - If the assessee is following mercantile system of ...


ICDS Applies Only to Manufacturing Business When Assessee Uses Mixed Accounting Systems for Different Business Activities.

August 11, 2017

Notes     Income Tax

ICDS - If the assessee is following mercantile system of accounting for his manufacturing business and cash system of accounting for his commission agency business, then ICDS would then apply only to the manufacturing business, and not to the commission agency business

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