https://www.taxtmi.com/caselaws?id=12191 Dividend declared by an Indian company to a non-resident shareholder was treated as accruing only when Reserve Bank of India approval for remittance was granted, because the dividend payable outside India became a deemed accrual on payment rather than on declaration. The text also states that a non-resident is not legally barred from maintaining accounts on the cash system and may choose either cash or mercantile accounting, subject to the Assessing Officer's power under the accounting provision to require a method that permits proper computation of income. Both issues were answered in favour of the assessee. en-us Sat, 30 Nov 2002 00:00:00 +0530 Thu, 18 Feb 2010 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12191 Dividend declared by an Indian company to a non-resident shareholder was treated as accruing only when Reserve Bank of India approval for remittance was granted, because the dividend payable outside India became a deemed accrual on payment rather than on declaration. The text also states that a non-resident is not legally barred from maintaining accounts on the cash system and may choose either cash or mercantile accounting, subject to the Assessing Officer's power under the accounting provision to require a method that permits proper computation of income. Both issues were answered in favour of the assessee. Case-Laws Income Tax Sat, 30 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12191