How to book profit in the name of incentive?
veera (self) (289 Points)
15 July 2021But esh incentive income k regarding mujhe kyo amt rec nhi hori h or yeh mere ledger sai kaam hora h
sir pls share valuable knowledge in this regard..
veera (self) (289 Points)
15 July 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 15 July 2021
Incentive will be regarded as taxable income even if not received in cash but book adjusted.