Taxpayer to Be Assessed for Error: Reported Compensation on Accrual Basis Instead of Year Received.

Taxpayer to Be Assessed for Error: Reported Compensation on Accrual Basis Instead of Year Received. https://www.taxtmi.com/highlights?id=21584 The additional compensation and interest received thereon is proposed to tax in the year of receipt. As the assessee has erroneously declared additional compensation and interest on accrual basis, the said returns will be assessed on a protective measure. - AT en-us Fri, 30 Jan 2015 14:42:16 +0530 Fri, 30 Jan 2015 14:42:16 +0530 TaxTMI RSS Generator Taxpayer to Be Assessed for Error: Reported Compensation on Accrual Basis Instead of Year Received. https://www.taxtmi.com/highlights?id=21584 The additional compensation and interest received thereon is proposed to tax in the year of receipt. As the assessee has erroneously declared additional compensation and interest on accrual basis, the said returns will be assessed on a protective measure. - AT Highlights Income Tax Fri, 30 Jan 2015 14:42:16 +0530 https://www.taxtmi.com/highlights?id=21584