Income Assessed When Right to Receive Accrues Using Mercantile Accounting; Timing of Tax Income Recognition Explained.

Income Assessed When Right to Receive Accrues Using Mercantile Accounting; Timing of Tax Income Recognition Explained. https://www.taxtmi.com/highlights?id=14569 Addition of Income Interest Accrued - if the assessee followed mercantile system of accounting it is to be seen as to when the right to receive, accrued. The income is assessable in the year in which the right to receive accrued - AT en-us Wed, 18 Sep 2013 10:06:26 +0530 Wed, 18 Sep 2013 10:06:26 +0530 TaxTMI RSS Generator Income Assessed When Right to Receive Accrues Using Mercantile Accounting; Timing of Tax Income Recognition Explained. https://www.taxtmi.com/highlights?id=14569 Addition of Income Interest Accrued - if the assessee followed mercantile system of accounting it is to be seen as to when the right to receive, accrued. The income is assessable in the year in which the right to receive accrued - AT Highlights Income Tax Wed, 18 Sep 2013 10:06:26 +0530 https://www.taxtmi.com/highlights?id=14569