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FULL & FINAL OF FY 09-10 PAID IN FY 10-11 YEAR OF TAXABILITY

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(Querist)
09 November 2010 An employee was paid his F & F dues in FY 10-11. The amount pertains to FY 09-10.

Kindly advise the year in which his income will be taxed i.e. in FY 09-10 or FY 10-11.
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Tilak Agrawal

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Tilak Agrawal (Expert)
09 November 2010 Dear Shalaka

U have to apply section 15 of IT Act

Due or payment whichever is earlier.

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