nikhil bhudolia (CA FINAL) (109 Points)
20 June 2017
junaid
(Consultant and Accountant )
(41 Points)
Replied 20 June 2017
Dear Friend,
It has to be recognised in the FY 2015-16, it is irrelevant when to receive, as Income is going to be recognised on accrual basis.
piyush
(article assisant)
(2 Points)
Replied 24 June 2017
It Depends on which method you follow. Whether you follow the accrual method or on actual basis.
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