https://www.taxtmi.com/manuals?id=5741 Accrual and arise denote a state anterior to receipt indicating a right to receive; accrual connotes accumulation while arise denotes coming into existence in a tangible form. Accrual occurs when the assessee obtains a vested right and a corresponding liability of the payer arises. Postponement of payment does not affect accrual and non-receipt does not extinguish an accrued right, though non-receipt may affect entitlement to deductions. The statutory scheme treats receipt and accrual under distinct provisions. en-us Sat, 09 Nov 2024 10:43:00 +0530 Thu, 12 Jun 2025 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5741 Accrual and arise denote a state anterior to receipt indicating a right to receive; accrual connotes accumulation while arise denotes coming into existence in a tangible form. Accrual occurs when the assessee obtains a vested right and a corresponding liability of the payer arises. Postponement of payment does not affect accrual and non-receipt does not extinguish an accrued right, though non-receipt may affect entitlement to deductions. The statutory scheme treats receipt and accrual under distinct provisions. Manuals Income Tax Sat, 09 Nov 2024 10:43:00 +0530 https://www.taxtmi.com/manuals?id=5741