Monday, 21 March 2016

MAKEFICOEASY: Accounts Receivable and Accounts Payable:

MAKEFICOEASY: Accounts Receivable and Accounts Payable:: Overview The Accounts Payable application component records and administers accounting data for all vendors. It is also an integral p...
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Section 56(2)(ix): Forfeiture of Advance Money Received – A Critical Analysis

The Dual Conditions for Taxability Section 56(2)(ix) of the Income Tax Act imposes tax liability on sums received as advance or otherwise du...