Insertion of new section 43CB-Computation of income from construction and service contracts.

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..... ril, 2017, namely:- 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 pro .....

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