§ Mr. PRATTasked the Secretary to the Treasury whether, for the purpose of a claim of repayment of Income Tax, the income to be declared and vouched is the income accrued due to the claimant within the fiscal year to which the claim relates or the amount actually received within that year?
§ Mr. ACLANDI understand that my hon. Friend is referring to items of income from which Income Tax has been deducted at the source. Where such an item is wholly payable out of profits and gains brought into charge to Income Tax, the amount to be declared and vouched is the income accruing during the tax year. Where the item is not so payable, the amount to be declared is the income receivable in the Income Tax year.