Whether 89(1) relief will be given automatically by the Accounts Officer or we have to prepare the 89(1) relief and to give to the Accounts Office to get the income tax benefit.
Ramakrishnaraju (supervisor) (211 Points)
18 February 2010Whether 89(1) relief will be given automatically by the Accounts Officer or we have to prepare the 89(1) relief and to give to the Accounts Office to get the income tax benefit.
Hareesh H Sharma
(Cleared IPCC..now article)
(894 Points)
Replied 18 February 2010
i guess we will have to do it sir and show the calculation in form 10E or so..
Hareesh H Sharma
(Cleared IPCC..now article)
(894 Points)
Replied 18 February 2010
Rule 21AA of IT act says the employee may furnish to the person responsible for making the payment referred to in sub-section (1) of section 192, the particulars specified in form 10E
Amir
(Learner)
(4016 Points)
Replied 18 February 2010
Dear ramakrishnaraju,
I agree with friend that u have claim it.........since it's computation involves recalculating tax of previous years as well, which u cannot expect ur officer to do such calculations.......u have to do in & submit it in Form 10E
C.Balaji
(Learner)
(1867 Points)
Replied 19 February 2010
Yes Mr.Amir is rite......
Mr. ramakrishnaraju....
You cannot expect your officer to do calculations as Amir bhai said.....
You do the calcualtions and submit the relevant form
CAclubindia
