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Income Tax - Highlights / Catch Notes

Home Highlights August 2017 Year 2017 This

Accrual of income - Deferred Bank Guarantee Commission - he ...


Bank Guarantee Commission Income Recognized Over Duration; No Extra Income Beyond Deferred Recognition.

August 12, 2017

Case Laws     Income Tax     AT

Accrual of income - Deferred Bank Guarantee Commission - he commission income arising from the guarantee given on behalf of the customer has been recognized by the assessee over the life of the bank guarantee. - No addition.

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