TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Taxpayers Gain Flexibility in Income Reporting with New Accounting Guidelines Under Clause 276 Tax Bill</h1> A legal analysis of Clause 276 in the Income Tax Bill, 2025 reveals key provisions governing accounting methods for tax computation. The clause allows taxpayers to use cash or mercantile accounting systems consistently, empowers the government to establish Income Computation and Disclosure Standards, and grants Assessing Officers authority to challenge non-compliant accounting practices. The provision aims to ensure transparent, uniform income reporting and combat potential tax evasion through standardized accounting guidelines.
TaxTMI 
