Taxation on accrual of interest income - the mercantile system ...

High Court Rules Interest Income Taxable in Year of Accrual, Not Receipt, Per Mercantile System.

August 1, 2012

Case Laws Income Tax HC

Taxation on accrual of interest income - the mercantile system of accounting - the accrual theory of interest income was to be assessed in the year in which it had accrued and had become due. - HC

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Taxation on accrual of interest income - the mercantile system ...

High Court Rules Interest Income Taxable in Year of Accrual, Not Receipt, Per Mercantile System.

August 1, 2012

Case Laws Income Tax HC

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