Excise Credit Entry in Profit and Loss Account Deemed Non-Taxable Due to Lack of Actual Income Accrual.

Excise Credit Entry in Profit and Loss Account Deemed Non-Taxable Due to Lack of Actual Income Accrual. https://www.taxtmi.com/highlights?id=18086 Additions on the basis of credit entry in P&L Account – Excise credit - in order to impress the bankers and to please the shareholders the aforesaid entry was passed into the profit and loss account - Since income not accrued, not taxable - HC en-us Mon, 07 Apr 2014 06:44:37 +0530 Mon, 07 Apr 2014 06:44:37 +0530 TaxTMI RSS Generator Excise Credit Entry in Profit and Loss Account Deemed Non-Taxable Due to Lack of Actual Income Accrual. https://www.taxtmi.com/highlights?id=18086 Additions on the basis of credit entry in P&L Account – Excise credit - in order to impress the bankers and to please the shareholders the aforesaid entry was passed into the profit and loss account - Since income not accrued, not taxable - HC Highlights Income Tax Mon, 07 Apr 2014 06:44:37 +0530 https://www.taxtmi.com/highlights?id=18086