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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Cash basis for accounting - whether reimbursement received from ...


State Government Reimbursement Taxed in Year Received, Not Accrued; Supports Cash Basis Accounting.

April 17, 2019

Case Laws     Income Tax     HC

Cash basis for accounting - whether reimbursement received from the State Government should be taxed in the year in which such reimbursement was actually made by the State Government and not on accrual basis - taxability on cash basis allowed.

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