What is expression paid ?

419 views 2 replies

Can any one tell me ? please

What is 'Expression paid' in the following statement ??

 

Topic - Income for Salaries - Under basis of charge (sec. 15)

- The expression paid includes every reciept by the  employee from the employer whether it was due to him or not. The expression allowed is of wider connotation and any credit to the employee's account is covered, thereby and its should imply that right is conferrred onthe employee in respect of the same. [CIT v Russel (1964)]

Replies (2)

paid connotes not only paid but also accrued as per the method of accounting followed

hven't understood ur query.!!!!!!!!!!


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register