Income taxable on receipt basis only

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Daya

Daya (Querist)
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24 November 2023 which type of income taxable on receipt basis only.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 November 2023 In case of cash-based accounting, tax is payable when the income is actually received and recorded.
Salary is taxable on receipt basis.

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Income taxable on receipt basis only

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