New tax accounting standards may reduce leeway for infrastructure companies3 min read . Updated: 16 May 2017, 05:11 AM IST
New tax accounting standards for infrastructure companies will reduce discretion these firms use in deciding how and when they recognize revenue from projects
New Delhi: Tax officials and industry experts will discuss new tax accounting standards for infrastructure companies in July, a person aware of the matter said. The new standards are expected to reduce the discretion these companies use in deciding how and when they recognize revenue from their projects.
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