Accrual of income - Receipt on account of membership fees - ...

Water park membership fees are recognized as income from the year the business started operating.

August 7, 2015

Case Laws Income Tax HC

Accrual of income - Receipt on account of membership fees - giving the services of the water park to its members - The amount of membership fees would be considered as income from the year the business of the assessee commenced - HC

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Accrual of income - Receipt on account of membership fees - ...

Water park membership fees are recognized as income from the year the business started operating.

August 7, 2015

Case Laws Income Tax HC

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