Deemed Income / accrual of income - income on account of ...

Income Tax

August 3, 2022

Deemed Income / accrual of income - income on account of retention money - the right to receive the retention money is accrued only after the obligations under the contract are fulfilled and the assessee had no vested right to receive the same in this assessment year, therefore, it would not amount to an income of the assessee in the year in which it is retained - HC

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Deemed Income / accrual of income - income on account of ...

Income Tax

August 3, 2022

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