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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Difference in job work receipts - The disclosure was strictly in ...

Income Tax

October 12, 2015

Difference in job work receipts - The disclosure was strictly in conformity with the applicable AS-1 issued by ICAI and GAAP also. Many a times, the job work receipts accounted by the appellant in one year were accounted for in the subsequent year by the principal company. As a result, TDS was also deducted by the principal company in that year and credit for the same appeared in Form No. 26-AS. - No addition - AT

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