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| Q.12 | Section ________ requires income chargeable under the head ‘Profits and gains of business or profession’ or ‘Income from other sources’ to be computed in accordance with either the cash or mercantile system of accounting regularly employed by the assessee, subject to provisions of the same section. | |
| Ans | A. 142(1) | |
| B. 144(1) | ||
| C. 145(1) | ||
| D. 143(1) |
Correct Ans Provided: C
