TMI BlogComputation 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 ..... e 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 from a contract for providing services,- (i) with duration of not more than ninety days shall be determined on the basis of project completion method; (ii) involving indeterminate number of acts over a specific per ..... X X X X Extracts X X X X X X X X Extracts X X X X
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