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
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.
CAclubindia
