Thursday, April 25, 2019

EMI method can be used for taxability of hire purchase transaction even if sum of digit method used for accounting

IT: In case of hire purchase transactions, assessee was justified in adopting EMI method for taxability of interest income in its return even though assessee had adopted SOD method in its books of account on basis of guidelines issued by ICAI

from www.taxmann.com Latest Case Laws http://bit.ly/2Dx6jWl
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