https://www.taxtmi.com/highlights?id=36610 Taxability of retention money - the assessee should be allowed deduction in the year of retention or in that year in which it comes to know about the said deductions nevertheless it is pertinent to say that retention has to be taxed as and when received by the assessee. en-us Fri, 13 Oct 2017 21:17:12 +0530 Fri, 13 Oct 2017 21:17:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=36610 Taxability of retention money - the assessee should be allowed deduction in the year of retention or in that year in which it comes to know about the said deductions nevertheless it is pertinent to say that retention has to be taxed as and when received by the assessee. Highlights Income Tax Fri, 13 Oct 2017 21:17:12 +0530 https://www.taxtmi.com/highlights?id=36610