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Income Tax - Highlights / Catch Notes

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Difference in method of accounting adopted - EMI method to ...


Discrepancy in Accounting Methods: EMI for Tax, SOD for Financial Statements Sparks Legal Concerns on Tax Assessments.

July 24, 2012

Case Laws     Income Tax     HC

Difference in method of accounting adopted - EMI method to account the finance charges for the income tax purposes and SOD Method to arrive at balance sheet and profit and loss statements - HC

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