Decoding the New Clause (H) of Section 43B of Income Tax Act

SAGAR PUNSHI , Last updated: 21 February 2024  
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Background As per the Income-tax Act the deduction of expenditure is allowed according to the system of accounting principles followed by the assessee. In case the assessee follows a cash system of accounting, the deduction should be allowed on an actual payment basis. In the case of a mercantile

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Category Income Tax   Report

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