Himanshu
Himanshu Kumar 15 Oct 2016 12:00am
Revised Income Computation and Disclosure Standards
1364 3 0
Section 145 of the Income tax Act, 1961 (“the Act”), as amended by the Finance Act, 1995, empowered the Central Government to notify the Accounting Standards to be followed for computing income under the head “Profits and Gains of Business or Profession” and “Income from Other Sources”. In pursuance thereof, in 1996,…
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