Variable performance reward of FY 2019-20 received in FY 2020-21 will be taxable in which year
FY 2019-20 or FY 2020-21
Menu
Profit sharing - Taxation
Replies (1)
Practically, it Is income of FY 2019-20.
Theoretically, since salary income is taxable on earlier of due or receipt basis ; you could argue that it is accrued but neither due nor received.
Please approach the matter Practically only.
Theoretically, since salary income is taxable on earlier of due or receipt basis ; you could argue that it is accrued but neither due nor received.
Please approach the matter Practically only.
Recent Threads
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
- Received this confusing IT notice. How to reply
- Houston Sign Company For Custom Signs, Banners &am
- Refund due to change in GST Rate Tobacco Products
- Lease related query can we rent out lease ?
- Planning of Ceased a Business i.e Closure of Compa
- Property value in 26QB
- Form 26QB Multiple Buyer/Multiple seller
Related Threads
CAclubindia
