Tax on payable basis.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 May 2014
Dear Sir,
Income Tax on Salary is on payable basis so, my question is that can we Book 3 months (Jan, Feb & march) Salary in March month.
Thanks
Income Tax on Salary is on payable basis so, my question is that can we Book 3 months (Jan, Feb & march) Salary in March month.
Thanks
03 May 2014
yes you can do so provided you have actually paid in March only and not just showing so in TDS return to avoid interest penalty
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