Accrual of income - subscription monies received in advance - ...

Case Laws Income Tax

April 20, 2022

Accrual of income - subscription monies received in advance - Addition on account of deferred income - CIT-A deleted the addition - The subscription monies received in advance are treated as deferred income and offered to tax on day to day basis which is correct methodology of revenue recognition under mercantile system of accounting. - AT

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Accrual of income - subscription monies received in advance - ...

Case Laws Income Tax

April 20, 2022

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