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• 22:39, 30 April 2024 NormaGross83296 talk contribs created page Definition What s Tax Accounting Benefits Of Tax Accounting And Latest News (Created page with "<br>The Income Tax Act, 1961 defines specific ICDS just like notified Indian accounting requirements(AS). Tax accounting is the approach to account for taxation function. Tax accounting intends to enable the monitoring of funds (inflow and outflow) connected with individuals and entities. Who's eligible to pay? As per the part 145 of the Indian Revenue Tax Act, 1961, any assessee having taxable earnings beneath the next heads of income should compute their taxable earnin...")