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Income Tax - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Accrual of income - recognition of revenue - change in method of ...

Income Tax

May 25, 2019

Accrual of income - recognition of revenue - change in method of accounting policy from recognition of Commission for insurance agency business from month of insurance/renewal of the policy and on payment of premium by the policy holder to only payment of premium by the policy holder - since this change was accepted by Department in subsequent four AY u/s 143(3) - no substantial question of law arises

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