https://www.taxtmi.com/manuals?id=5237 Definition of "payment has actually been made" establishes that the operative test is the actual payment of expenditure, irrespective of the earlier year in which the liability arose under the assessee's regularly employed method of accounting, and includes payments made in such manner as may be prescribed. en-us Thu, 19 Sep 2024 13:42:00 +0530 Fri, 25 Oct 2024 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5237 Definition of "payment has actually been made" establishes that the operative test is the actual payment of expenditure, irrespective of the earlier year in which the liability arose under the assessee's regularly employed method of accounting, and includes payments made in such manner as may be prescribed. Manuals Income Tax Thu, 19 Sep 2024 13:42:00 +0530 https://www.taxtmi.com/manuals?id=5237