Receipts in warranty period must follow revenue cost matching; no change needed in taxpayer's accounting method.

Receipts in warranty period must follow revenue cost matching; no change needed in taxpayer's accounting method. https://www.taxtmi.com/highlights?id=43261 Receipts allocated towards Warranty period - Revenue cost matching principle - there is no requirement to disturb the methodology adopted by the assessee in accounting for Warranty period receipts. en-us Thu, 13 Dec 2018 14:05:20 +0530 Thu, 13 Dec 2018 14:05:20 +0530 TaxTMI RSS Generator Receipts in warranty period must follow revenue cost matching; no change needed in taxpayer's accounting method. https://www.taxtmi.com/highlights?id=43261 Receipts allocated towards Warranty period - Revenue cost matching principle - there is no requirement to disturb the methodology adopted by the assessee in accounting for Warranty period receipts. Highlights Income Tax Thu, 13 Dec 2018 14:05:20 +0530 https://www.taxtmi.com/highlights?id=43261