8 results for “TDS”+ Section 145clear
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Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad
145 would contemplate that income chargeable under the head “profits and gains of business or profession” or “income from other sources” shall subject to the provisions of sub- section (2) be computed in accordance with either cash or mercantile system of accounting regularly employed by the assessee. Sub-section (2) of this Section further provides the method of accountancy required