Accrual of income - the right to receive retention money accrues ...

Income Tax

May 15, 2013

Accrual of income - the right to receive retention money accrues only after the obligations under the contract are fulfilled. Therefore, it will not amount to income in the year in which amount is retained. - HC

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Accrual of income - the right to receive retention money accrues ...

Income Tax

May 15, 2013

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