Under the head ‘profits and gains of business or profession’, the method of accounting that should be followed by an assessee is

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Question:Under the head ‘profits and gains of business or profession’, the method of accounting that should be followed by an assessee is

1. Cash system only

2.Mercantile system only

3.Hybrid system only

4.Cash system or mercantile system only

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  1. Under the head ‘profits and gains of business or profession’, the method of accounting that should be followed by an assessee is
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