income tax relief u/s 89 on v.r.exgratia

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 August 2011 Is Income Tax rebate u/s 89(1) is available on V.R.Exgratia? If so, how can the exgratia be distributed/allocated into different financial years.

CS Bijoy

CS Bijoy (Expert)
Follow

18 August 2011 Section 89 (1) cover the payment received of arrears due and distribute the amount as per the tax slave for the financial year to which the amount is related.

Message likes : 1 times

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
Follow

18 August 2011 Retirement benefit is calculated on number of years service and according to the number of years divide it equally and add it to the gross salary already distributed or paid for 89 relief.

Message likes : 1 times

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA Uzma Khan

S D Kannan

CA Saurabh Jadhav

Ramesh Thammineni

SARAN KUMAR

Subscribe Now

income tax relief u/s 89 on v.r.exgratia

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

Article Assistant

CA Final

GST CONSULTANT

Manager- Finance and Compliance

GST CONSULTANCY