Taxability of retention money - taxable in the year of receipt ...

Retention Money Taxable Upon Actual Receipt, Not Accrual, Says Tax Law.

September 13, 2013

Case Laws Income Tax AT

Taxability of retention money - taxable in the year of receipt or on accrual basis - the retention money has to be brought to tax in the year in which the same has actually been received by the assessee from the contractees. - AT

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Taxability of retention money - taxable in the year of receipt ...

Retention Money Taxable Upon Actual Receipt, Not Accrual, Says Tax Law.

September 13, 2013

Case Laws Income Tax AT

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