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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Advance payment received of Business receipts – Accrual of ...


Advance Payment as Business Receipt Isn't Automatic Income Due to TDS u/s 194C Alone.

November 1, 2013

Case Laws     Income Tax     AT

Advance payment received of Business receipts – Accrual of income - just because the amount was covered by the TDS as per the provisions of section 194C, the same cannot be considered as income - AT

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