Accrual of income - Though the payment was not received by the ...

Income Accrual Clarified: Mercantile System Recognizes Earnings When Due, Not When Received.

November 6, 2020

Case Laws Income Tax AT

Accrual of income - Though the payment was not received by the assessee during the year under consideration, however, once the said payment was accrued and become due in the year under consideration, the actual receipt of the payment becomes irrelevant when the assessee is following the Mercantile System of accountancy. - AT

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Accrual of income - Though the payment was not received by the ...

Income Accrual Clarified: Mercantile System Recognizes Earnings When Due, Not When Received.

November 6, 2020

Case Laws Income Tax AT

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