Menu
substance over form
what I s basic concept of substance over form?? does it have any other accounting term other than this??
Replies (2)
In short It means..Reality is important than legality..So, reality should be given importance rather than legality
It is the funniest example but You can understand the concept..for suppose Husband and Wife is not living together.. So in reality they got seperated but as per legal term they are still together..
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
