Accrual of income - advance receipt of golf course membership ...

Golf Course Membership Fees Taxable in Relevant Years, Not Year Received u/s 5 of Income Tax Act.

September 4, 2019

Case Laws Income Tax AT

Accrual of income - advance receipt of golf course membership fee - Merely because the income, which is pertaining to subsequent years, is received by the assessee in earlier years does not become the income of the earlier years u/s 5 - the membership fee income should be chargeable to tax in the year to which it pertains.

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Accrual of income - advance receipt of golf course membership ...

Golf Course Membership Fees Taxable in Relevant Years, Not Year Received u/s 5 of Income Tax Act.

September 4, 2019

Case Laws Income Tax AT

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