https://www.taxtmi.com/acts?id=36595 The Schedule prescribes the historical cost and accrual basis, valuation rules for long-term and current investments, capitalization of fixed assets including pre-operational costs, straight-line depreciation as per Income-tax Act rates with prorata treatment and low-value full write-off, five-year amortization of deferred revenue expenditure, sales and government grants recognition rules, foreign currency conversion with gain/loss treatment, expensing of lease rentals, and accrual of gratuity and leave encashment based on actuarial valuation. en-us Sat, 18 May 2019 12:04:56 +0530 Sat, 18 May 2019 12:04:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36595 The Schedule prescribes the historical cost and accrual basis, valuation rules for long-term and current investments, capitalization of fixed assets including pre-operational costs, straight-line depreciation as per Income-tax Act rates with prorata treatment and low-value full write-off, five-year amortization of deferred revenue expenditure, sales and government grants recognition rules, foreign currency conversion with gain/loss treatment, expensing of lease rentals, and accrual of gratuity and leave encashment based on actuarial valuation. Act-Rules IBC Sat, 18 May 2019 12:04:56 +0530 https://www.taxtmi.com/acts?id=36595