Taxation

New tax rules to cut leeway for infra firms

“Each company may adopt a different method as per their requirement. Greater clarity on revenue recognition in these highly capital-intensive projects will help investors plan and manage their cash flows better. Also, ICDS is likely to accelerate revenue recognition in the case of many projects,”

Riaz Thingna
Director, Grand Thornton Advisory Private Limited

This article appeared in Mint on 16th May, 2017.