TMI BlogInsertion of new section 43CB-Computation of income from construction and service contracts.X X X X Extracts X X X X X X X X Extracts X X X X ..... - Computation of income from construction and service contracts. "43CB. (1) The profits and gains arising from a construction contract or a contract for providing services shall be determined on the basis of percentage of completion method in accordance with the income computation and disclosure standards notified under sub-section (2) of section 145: Provided that profits and gains arising f ..... X X X X Extracts X X X X X X X X Extracts X X X X
|