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Income Tax - Highlights / Catch Notes

Home Highlights June 2012 Year 2012 This

Deferred revenue recognition - 50% of this ...

Case Laws     Income Tax

June 21, 2012

Deferred revenue recognition - 50% of this Administration/Contract Fee is to be treated as income in the first two years of receipt and charged to tax @ 25% in each of the first two years and the balance 50% is to be treated as income and spread over in the remaining portion of the time share period - AT

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