https://www.taxtmi.com/acts?id=48720 Method of accounting for income under the heads Profits and gains of business or profession and Income from other sources permits either cash or mercantile systems if regularly employed; the Central Government may notify income computation and disclosure standards for classes of assessees or income, and the Assessing Officer may make an assessment where accounts are incorrect or incomplete, the accounting method has not been regularly followed, or income is not computed as per notified standards. en-us Fri, 14 Feb 2025 11:05:28 +0530 Fri, 14 Feb 2025 11:05:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48720 Method of accounting for income under the heads Profits and gains of business or profession and Income from other sources permits either cash or mercantile systems if regularly employed; the Central Government may notify income computation and disclosure standards for classes of assessees or income, and the Assessing Officer may make an assessment where accounts are incorrect or incomplete, the accounting method has not been regularly followed, or income is not computed as per notified standards. Act-Rules Bills Fri, 14 Feb 2025 11:05:28 +0530 https://www.taxtmi.com/acts?id=48720