I have an interesting problem.
I have income from short term contracts. Since I work on assignments, the payments are made within 2 months of the completion of job. Sometimes I do get late payments.
I am claiming from January'08 till January'09. During the Months of Jan'08 - March'08, I have income (amount has gone in my account) from the work which I have done in July '07 - Sept'07. Which was pending and got released late.
I want to claim it as my income in the claimed period. Am I right in claiming it? The only way Assessing officer is going to know that it is from earlier year is the invoices I am submitting with my paperwork.
Please let me know.
Thanks a lot.
Regards.
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