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Income Tax - Highlights / Catch Notes

Home Highlights July 2018 Year 2018 This

Accrual of income - Nature of Lease – Finance by hire purchase ...

Income Tax

July 20, 2018

Accrual of income - Nature of Lease – Finance by hire purchase lease – classification as per Accounting Standard 19 (AS-19) - the question has to be seen from the terms of the agreement entered into between the assessee - the contentions of the assessee's is rejected that the transaction is only a finance lease

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