ITMS

৭৪ - Method of accounting for long-term contracts

2025-26 2024-25 2024-25 2023-24

74. Method of accounting for long-term contracts.—
(1) Where a person follows the accrual method of accounting for income computed and classified as “Income from business”, the income arising from long-term contracts in an income year shall be calculated according to the percentage method of completion.
(2) The pe...

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