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Income Tax - Highlights / Catch Notes

Home Highlights October 2020 Year 2020 This

Accrual of income - Addition being notional interest income - ...

Income Tax

October 28, 2020

Accrual of income - Addition being notional interest income - Where the principle amount of loan/advance is doubtful of recovery interest thereon cannot be accrued and added to income even under the mercantile system of accounting. - AT

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