State Government Reimbursement Taxed in Year Received, Not Accrued; Supports Cash Basis Accounting.

State Government Reimbursement Taxed in Year Received, Not Accrued; Supports Cash Basis Accounting. https://www.taxtmi.com/highlights?id=45955 Cash basis for accounting - whether reimbursement received from the State Government should be taxed in the year in which such reimbursement was actually made by the State Government and not on accrual basis - taxability on cash basis allowed. en-us Wed, 17 Apr 2019 16:26:32 +0530 Wed, 17 Apr 2019 16:26:32 +0530 TaxTMI RSS Generator State Government Reimbursement Taxed in Year Received, Not Accrued; Supports Cash Basis Accounting. https://www.taxtmi.com/highlights?id=45955 Cash basis for accounting - whether reimbursement received from the State Government should be taxed in the year in which such reimbursement was actually made by the State Government and not on accrual basis - taxability on cash basis allowed. Highlights Income Tax Wed, 17 Apr 2019 16:26:32 +0530 https://www.taxtmi.com/highlights?id=45955