Tax and expenses

sayad (Executive) (179 Points)

14 March 2024  

can you pls advise on below
we had executed civil work in year 22-23 and part of the work was completed during that year and balance work was completed in year 23-24 and we got the full payment  in 23-24
now from point of accounting and tax purpose how this will be taxes ( income tax) will i have to pay tax in 23-24 as well in 22-23 and how the expenses for this work to be considered foR taxation purpose