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Income Tax - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Accrual of income - Work relate to the installation and erection ...


Income from Equipment Installation Recognized Post-Completion Due to Varying Timeframes of 1-21 Months.

April 4, 2015

Case Laws     Income Tax     AT

Accrual of income - Work relate to the installation and erection of the equipment has been completed in subsequent years as the time taken varies between 1 month to 21 months. Therefore, the accrual of income earned happened only in subsequent years - AT

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