Posts in Category: "Accounting Standard"
THE MERCANTILE METHOD OF ACCOUNTING & THE ACCRUAL SYSTEM UNDER THE INCOME-TAX ACT, 1961
CA. Ajay Kumar Agarwal
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THE MERCANTILE METHOD OF ACCOUNTING & THE ACCRUAL SYSTEM UNDER THE INCOME-TAX ACT, 1961 1. IntroductionThe method of accounting adopted by an assessee forms the very foundation upon which taxable income is ...