Taxability pertaining to retention money - Whether income did ...

Court Clarifies Retention Money Taxability: Right to Receive Must Accrue, Not Just Potential for Tax Deduction.

March 31, 2014

Case Laws Income Tax HC

Taxability pertaining to retention money - Whether income did accrue or not would depend on the fact whether the right to receive said amount had accrued or not - Merely whether tax was deductible or not would not decide the taxability of certain receipts - HC

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Taxability pertaining to retention money - Whether income did ...

Court Clarifies Retention Money Taxability: Right to Receive Must Accrue, Not Just Potential for Tax Deduction.

March 31, 2014

Case Laws Income Tax HC

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