It return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 August 2011
Hi,
If I receive salary arrears of last year in the current financial year then, does it need to be taxed in the current year itself or the arears needs to be seperated from the current year income and tax the income only for the income after seperation.
Thanks
If I receive salary arrears of last year in the current financial year then, does it need to be taxed in the current year itself or the arears needs to be seperated from the current year income and tax the income only for the income after seperation.
Thanks
18 August 2011
yes. need to taxed if the same not taxed earlier. Salary income need to be taxed on payment or accrual which ever is earlier
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