Accrual of income - accounting treatment in respect of prepaid ...

Income Accrual on Prepaid Cards Requires Right to Receive: Establishing Creditor-Debtor Relationship Crucial for Tax Accounting.

December 11, 2018

Case Laws Income Tax HC

Accrual of income - accounting treatment in respect of prepaid cards - there must be the “right to receive the income on a particular date, so as to bring about a creditor and debtor relationship on the relevant date” -a right to receive a particular sum under the agreement would not be sufficient unless the right accrued by rendering of services

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Accrual of income - accounting treatment in respect of prepaid ...

Income Accrual on Prepaid Cards Requires Right to Receive: Establishing Creditor-Debtor Relationship Crucial for Tax Accounting.

December 11, 2018

Case Laws Income Tax HC

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