Deferred revenue recognition - 50% of this ...

New Rule: Recognize 50% of Contract Fee as Income in First 2 Years, Taxed at 25% Annually.

June 21, 2012

Case Laws Income Tax AT

Deferred revenue recognition - 50% of this Administration/Contract Fee is to be treated as income in the first two years of receipt and charged to tax @ 25% in each of the first two years and the balance 50% is to be treated as income and spread over in the remaining portion of the time share period - AT

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Deferred revenue recognition - 50% of this ...

New Rule: Recognize 50% of Contract Fee as Income in First 2 Years, Taxed at 25% Annually.

June 21, 2012

Case Laws Income Tax AT

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