As per Section 15 of the Income-tax Act, Salary is taxable on:
A. Due basis
B. Receipt basis
C. Due or receipt basis, whichever is earlier
D. As per the method of Accounting followed by assessee.
Answer:C
As per Section 15 of the Income-tax Act, Salary is taxable on:
A. Due basis B. Receipt basis C. Due or receipt basis, whichever is earlier D. As per the method of Accounting followed by assessee.