Wednesday, June 30, 2021

Business income to be computed by using conversion rate existing on last day of previous year even if TDS is deductible

INCOME TAX : Correct procedure for calculating receipts in case of income from business and profession in case of currency conversion is Explanation 2(c) to rule 115(1) without taking into account proviso to rule 115(1)

from www.taxmann.com Latest Case Laws https://ift.tt/3jts3se
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