Check sibling questions

Salary is chargeable on

Due Basis

or

Receipt Basis

whichever is earleir

 

 

Example

Employee received salary of April 2015 in advance on 25th March 2015.

In which financial year is it taxable .

View Answer

Employee 2

 Employee received arrears of salary of December 2011 on 10th June 2015. in which financial year is it taxable .

View Answer
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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.