Interest income - system of accounting - The assessee is not ...

Income Tax

September 3, 2019

Interest income - system of accounting - The assessee is not permitted to use mixed or hybrid system of accounting under which some items of income / expenditure are accounted for under cash system and the remaining items of income / expenditure are accounted for under mercantile.

View Source

← Previous Next →

Interest income - system of accounting - The assessee is not ...

Income Tax

September 3, 2019

You may also like:

Hybrid system of accounting - interest accrued on investments chargeable to tax - Whether ITAT erred holding that the assessee can compute its income chargeable under...

Method of Accounting - Assessee switch over from the cash system to the mercantile system of accounting - assessee had to follow the mercantile system and during the...

Manufacture - Immovability - office furniture systems and work stations - assessee failed to justify that the items are immovable property - demand confirmed - AT

Accrual of income - assessee was declaring LPS on outstanding credit receivables on accrual basis - hybrid system of accounting - the assessee has followed the...

Classification of imported goods - Eye Tracking System - considering note 5 to chapter 90, the item deserves classification under chapter 9031 and further under its sub...

Manufacture - computer system assembled at the site of their clients from bought out items is a manufacturing activity and liable to duty of excise - AT

Import of Equipment - Transmitter Broadcasting Equipment Sub-system (Data Processing Unit with transmitting capabilities for broadcasting, software and other standard...

Eligibility for the Exemption Notification -Ultra-Sound Scanner system - the scanner has to be considered as the main item and the 'probe', a part of the scanner and a...

Import of specified high-risk products shall be permitted only through 61 ports - Restricted entry of food items - Order-Instruction

Classification of supply - supply of hiring services of air conditioning system and fire extinguishing system - The AAR observed that, there can be no dispute in this...

Quick Updates: