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Income Tax - Highlights / Catch Notes

Home Highlights May 2020 Year 2020 This

Accrual of income - Accounting as prescribed by accounting ...

Income Tax

May 11, 2020

Accrual of income - Accounting as prescribed by accounting standard AS-7 - Completed Contract Method - for the subsequent years, it has changed from Project Completion Method to Percentage Completion Method in the subsequent year and as such, there is revenue neutral in the assessment year in question.

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