Business of selling time share units - accrual of income - ...

Time Share Income Must Accrue Over Service Period, Not Recognized Upfront, to Avoid Distortion in Accounting.

July 26, 2012

Case Laws Income Tax AT

Business of selling time share units - accrual of income - mercantile-system of accounting. - holiday facilities to its members - recognizing the entire receipt as income in the year of receipt can lead to distortion. - AT

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Business of selling time share units - accrual of income - ...

Time Share Income Must Accrue Over Service Period, Not Recognized Upfront, to Avoid Distortion in Accounting.

July 26, 2012

Case Laws Income Tax AT

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