<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Ad Agency&#039;s Income Discrepancy Explained: No Adjustment Needed for Differences Between Form 26AS and Books of Accounts.</title>
    <link>https://www.taxtmi.com/highlights?id=48807</link>
    <description>Addition on account of non-reconciliation of Form 26AS - business of advertisement agency - the assessee reports only the commission portion as its income in its P &amp; L account and not the gross receipts, hence, there is always bound to be difference with regard to the amounts reflected in the Form 26AS vis-à-vis books of accounts - the explanation is reasonable and it is highly impracticable for reconciling the same in this scenario - no addition</description>
    <language>en-us</language>
    <pubDate>Thu, 22 Aug 2019 07:44:46 +0530</pubDate>
    <lastBuildDate>Thu, 22 Aug 2019 07:44:46 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=584395" rel="self" type="application/rss+xml"/>
    <item>
      <title>Ad Agency&#039;s Income Discrepancy Explained: No Adjustment Needed for Differences Between Form 26AS and Books of Accounts.</title>
      <link>https://www.taxtmi.com/highlights?id=48807</link>
      <description>Addition on account of non-reconciliation of Form 26AS - business of advertisement agency - the assessee reports only the commission portion as its income in its P &amp; L account and not the gross receipts, hence, there is always bound to be difference with regard to the amounts reflected in the Form 26AS vis-à-vis books of accounts - the explanation is reasonable and it is highly impracticable for reconciling the same in this scenario - no addition</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Thu, 22 Aug 2019 07:44:46 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=48807</guid>
    </item>
  </channel>
</rss>