03 August 2016
A PERSON RECEIVED A SALARY ARREAR FOR FY 2014-15 IN FY 2015-16 FOR RS. 55000/-. NOW THAT ARREAR ADDED IN HIS FY 2015-16 SALARY INCOME. HE DID NOT FILE RETURN FOR FY 2014-15.
03 August 2016
If the salary income exceed with the maximum chargeable amount, then it will be required to file Income tax return.
Arrear of salary shall be taxable in the year in which it is received.
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