29 July 2016
Dear Sir, A bank employee has received Arrear salaries for last three years, In Table A of Arrear calculation Sheet in Coloumn 2 of Total Income of the releavent Previous Year bank has included salary +interest on fixed deposit and deducted interest on house building loan and after that they deducted deductions under chapter VI A for calculating total income of that year. Whether it is correct to include intt on fixed deposit and deduct intt on house building loan for calculating total income.
29 July 2016
yes, it is disclosed that way. See try to understand the concept..... Arrears pertaining to respective years are added to respective years income (Salary, house property...every thing...) 10E is just for claiming relief