Method of Accounting
This query is : Resolved
05 September 2009
Under which section of Income Tax Act Doctors have to follow Cash basis of accounting.
Under which section of Income Tax Act Doctors have to follow Cash basis of accounting.
06 September 2009
Section 145 of the income tax deals with method of accounting. You can follow either cash or merchantile but the same should be regularly followed.
06 September 2009
Yes
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