Variable performance reward of FY 2019-20 received in FY 2020-21 will be taxable in which year
FY 2019-20 or FY 2020-21
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Profit sharing - Taxation
Replies (1)
Practically, it Is income of FY 2019-20.
Theoretically, since salary income is taxable on earlier of due or receipt basis ; you could argue that it is accrued but neither due nor received.
Please approach the matter Practically only.
Theoretically, since salary income is taxable on earlier of due or receipt basis ; you could argue that it is accrued but neither due nor received.
Please approach the matter Practically only.
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