Revenue Must Be Recognized Proportionately for Partially Rendered Services; Assessee Can Distribute Membership Fees and Expenses Accordingly.

Revenue Must Be Recognized Proportionately for Partially Rendered Services; Assessee Can Distribute Membership Fees and Expenses Accordingly. https://www.taxtmi.com/highlights?id=21507 Method of accounting - when the services are rendered partially, revenue is to be shown proportionate to the degree of completion of the service and therefore the assessee was justified in spreading over the amount of membership fee and expenses. - HC en-us Thu, 22 Jan 2015 10:07:44 +0530 Thu, 22 Jan 2015 10:07:44 +0530 TaxTMI RSS Generator Revenue Must Be Recognized Proportionately for Partially Rendered Services; Assessee Can Distribute Membership Fees and Expenses Accordingly. https://www.taxtmi.com/highlights?id=21507 Method of accounting - when the services are rendered partially, revenue is to be shown proportionate to the degree of completion of the service and therefore the assessee was justified in spreading over the amount of membership fee and expenses. - HC Highlights Income Tax Thu, 22 Jan 2015 10:07:44 +0530 https://www.taxtmi.com/highlights?id=21507