Income Accrues Post-Defect Liability Period; Only After Contract Completes Without Defects Does Right to Amount Arise.

Income Accrues Post-Defect Liability Period; Only After Contract Completes Without Defects Does Right to Amount Arise. https://www.taxtmi.com/highlights?id=45509 Accrual of income - after defect liability period or contract completion date - if assessee's right to such amount would depend on there being no defects arising in the subsequent period then accrual occurs only on completion of the retention period (defect liability period) en-us Sat, 30 Mar 2019 08:55:21 +0530 Sat, 30 Mar 2019 08:55:21 +0530 TaxTMI RSS Generator Income Accrues Post-Defect Liability Period; Only After Contract Completes Without Defects Does Right to Amount Arise. https://www.taxtmi.com/highlights?id=45509 Accrual of income - after defect liability period or contract completion date - if assessee's right to such amount would depend on there being no defects arising in the subsequent period then accrual occurs only on completion of the retention period (defect liability period) Highlights Income Tax Sat, 30 Mar 2019 08:55:21 +0530 https://www.taxtmi.com/highlights?id=45509