Salary Income - Taxability
Tuesday, March 26, 2013
Where, in any tax year, salary is paid by a private company to an employee of the company for services rendered by the employee in an earlier tax year and the salary has not been included in the employee’s salary chargeable to tax in that earlier year, the Commissioner may, if there are reasonable grounds to believe that payment of the salary was deferred, include the amount in the employee’s income under the head “Salary” in that earlier year
Labels: Heads of Income, Salary income
posted @ 2:10 PM,
8 Comments:
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