Taxability of retention money - the assessee should be allowed ...
Tax Retention Money When Received; Deduction Claimable in Year of Retention or Upon Awareness of Deductions.
October 13, 2017
Case Laws Income Tax AT
Taxability of retention money - the assessee should be allowed deduction in the year of retention or in that year in which it comes to know about the said deductions nevertheless it is pertinent to say that retention has to be taxed as and when received by the assessee.
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