TMI BlogAccrual of income - it has to be admitted that future interest cannot be taken as income. However, when...Accrual of income - it has to be admitted that future interest cannot be taken as income. However, when assessee bundles it and sells it as a portfolio for a discount, the amount did accrue and received on the date of entering agreement.- AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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