Accrual of income - subscription income received in advance - ...
Advance Subscription Income Not Taxed in Year Received for Mercantile Accounting System: Income Accrual Case Decision.
August 24, 2017
Case Laws Income Tax AT
Accrual of income - subscription income received in advance - consultancy services and publishing of magazine - assessee is following mercantile system of accounting - amount of advance subscription cannot be subjected to tax in the year of receipt.
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