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Income Tax - Highlights / Catch Notes

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Revenue recognition - Royalty income - as per the revenue ...


Royalty Income Must Be Recognized Over Agreement Duration According to AS-9 Guidelines by ICAI.

May 18, 2018

Case Laws     Income Tax     AT

Revenue recognition - Royalty income - as per the revenue recognition prescribed under AS-9 of ICAI in respect of royalties, the same has to be recognized only over the validity of tenure of the agreement which has been rightly done by the assessee. - AT

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