AA-63 How to Take March Salary Which Paid in April in Income Tax Return
My Videos (Accounts Officer ) (717 Points)
06 October 2024please educate me that if my employer pay me March 2024 salary in April 2024 and it's credited in my bank account in April 2024 month too, how should I deal it for my income tax return for 2024:
Should I add this net salary amount which credited in my bank account in April 2024 with closing balance of my bank account on 31-3-24 and show it as cash at bank in my income tax return 2024 ?
or
should I consider that amount which is only exist in my bank account and reflecting as closing balance on 31-3-24 in my bank statement ?
Thanks in advance for your precious time to reply this query.