Should we show in income tax return, salary of March 2022 (received in April 2022) or March 2023 (received in April 2023) for the previous year 2022-23 (A.Y. 2023-24)?
I am confused about when does it accrue. Shouldn't March salary become due in April. I mean after the completion of the month?
There could be mismatch of TDS deducted on Salary as it is deducted on payment basis. For example, March 2022 salaries TDS would be deducted in April 2022 and shown in 26AS of P.Y 2022-23. March 2023 salaries TDS would be deducted in April 2023 and be shown in 26 AS of P.Y 2023-24.
Menu
Salary Taxability
Replies (2)
April to March as per received salary
Even either deductee deduct your tds in April & deposit later on but this is March month's salary & you will have to club your income in the month of march . As you know tds will automatically shown in 26 AS then nothing problem at all .
Recent Topic
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
- Is GST Registration Mandatory for Freelancers in I
Related Topics
CAclubindia
