https://www.taxtmi.com/acts?id=54097 Revenue in cost statements is measured, assigned, presented and disclosed on the basis of uniform cost accounting principles. Revenue from operations is generally taken at net sales realization, with separate treatment for joint products, by-products, defectives, rejects, scrap, spoilage and waste. Other income is excluded from revenue from operations, while product-related subsidies, grants and incentives form part of revenue from operations and other current-operation support payments reduce related cost. Revenue is assigned directly to each product or service where economically feasible, and cost statements must disclose related-party sales, by-product revenue, subsidies and any material change in revenue accounting methods. en-us Tue, 21 Apr 2026 15:26:15 +0530 Fri, 24 Apr 2026 12:41:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54097 Revenue in cost statements is measured, assigned, presented and disclosed on the basis of uniform cost accounting principles. Revenue from operations is generally taken at net sales realization, with separate treatment for joint products, by-products, defectives, rejects, scrap, spoilage and waste. Other income is excluded from revenue from operations, while product-related subsidies, grants and incentives form part of revenue from operations and other current-operation support payments reduce related cost. Revenue is assigned directly to each product or service where economically feasible, and cost statements must disclose related-party sales, by-product revenue, subsidies and any material change in revenue accounting methods. Act-Rules Companies Law Tue, 21 Apr 2026 15:26:15 +0530 https://www.taxtmi.com/acts?id=54097