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Income Tax - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Accrual of income - Though the payment was not received by the ...

Case Laws     Income Tax

November 6, 2020

Accrual of income - Though the payment was not received by the assessee during the year under consideration, however, once the said payment was accrued and become due in the year under consideration, the actual receipt of the payment becomes irrelevant when the assessee is following the Mercantile System of accountancy. - AT

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