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Income Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Additions towards cash seized at airport - Tax should be charged ...


Tax on Airport Cash Seized: Assess in Year Received or Accrued, Using That Year's Tax Rate.

September 16, 2019

Case Laws     Income Tax     AT

Additions towards cash seized at airport - Tax should be charged in the relevant assessment year in which it has been received or deemed to be received/accrues or arises or is deemed to accrue or arise/accrues or arises to the assessee at the rate in force in that assessment year. - AT

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