https://www.taxtmi.com/acts?id=3765 Profits from housing or other activities integral to a highway project are to be computed either under the regular method of accounting, where annual profits can be so determined, or otherwise on the basis of the percentage of completion during the relevant previous year. Assessees must maintain separate accounts for these activities and obtain a certificate from an accountant specifying the amount credited to the reserve account and the amount utilised for the highway project. The certificate is to be furnished in the prescribed form. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 19 May 2026 17:04:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3765 Profits from housing or other activities integral to a highway project are to be computed either under the regular method of accounting, where annual profits can be so determined, or otherwise on the basis of the percentage of completion during the relevant previous year. Assessees must maintain separate accounts for these activities and obtain a certificate from an accountant specifying the amount credited to the reserve account and the amount utilised for the highway project. The certificate is to be furnished in the prescribed form. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3765