Taxability of Arrears of Pension Recd.

This query is : Resolved 
 

(Querist)
01 July 2010

Sir,

An income tax assessee (An employee of public Sector Bank) has recd. arrears of Pension for F.Y. 2007-08 & F.Y. 2008-09. How will it be taxable in F.Y. 2009-10. Is any exemption available.


Sunil Kr. Sanganeria (Expert)
01 July 2010

The arrear pension for the F.Y. 2007-08 & 2008-09 received in the year F.Y.2009-10 is taxable in the year of receipt. However the assessee can claim relief under section 89 of the Income Tax Act



You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :






× Online Coaching My Enrolled Courses
Articles Forum News Experts Exams Share Files Income Tax Accounts Career Corporate Law Service Tax Video Judgements Rewards Top Members Events Albums Find Friends Featured Feed Scorecard Bookmarks Mock Test Poll Notification Knowledge Finder Coaching Institutes Trainee Corner Jobs
close x
  SHARE THIS