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Project completion method

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 September 2012 I WOULD LIKE TO KNOW HOW UNDER PROJECT COMPLETION METHOD WE DO ACCOUNTING FOR CONSTRUCTION PROJECT?

ALSO HOW DO WE CALCULATE INCOME FOR INCOME TAX PURPOSE?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
17 September 2012 Project completion method is need to be computed as per Accounting standard -7. the same income computation acceptable under Income tax as well

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