Exceptions to the rule of 'Income of P.Y. is taxable in A.Y.'

Ritik Chopra , Last updated: 18 July 2023  
  Share

The general rule is that the income earned during a previous year is taxed in its relevant assessment year. But there are certain exceptions to this rule. In these cases, income is taxed in the same year in which it is earned and so in these exceptional cases a previous year will also function as an

You have reached daily limit of 2 Free Articles. To view this or other Articles please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 1999/-

Offer Price : INR 999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)
Join CCI Pro

Published by

Ritik Chopra
(student)
Category Income Tax   Report

Other Articles  
Comment   Share
2 Likes   78873 Views
Comments

Related Articles


Loading


Popular Articles




CCI Pro

Trending Online Classes

view all classess

CCI Articles

You can also submit your article by sending to article@caclubindia.com

submit article

Browse by Category