89 Relief FOR COMPANSATION
This query is : Resolved
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16 July 2022
Dear Sir ,
With reference to relief u/s sec 89 , in previous years we could not claim deduction u/s 80 due to income is less then 5 lakh .
Dear Sir ,
Taxpayer is salary employee in current FY 2021-22, employer relive from service him with paid of compensation of Rs 8 Lakh .
Assessee wants claim relief of 89 for compensation .for computing average rate of tax by adding 1/3 of the compensation amount for last three preceding year .preceding 3 years taxable income more then 2.50 lakh but less then 5 lakh. he was not claim all deduction of sec 80 due to no tax liability was arise on that years . In current FY sec 89 relief working can we consider deduction which is not claim earlier in income tax return .
With reference to relief u/s sec 89 , in previous years we could not claim deduction u/s 80 due to income is less then 5 lakh .
Dear Sir ,
Taxpayer is salary employee in current FY 2021-22, employer relive from service him with paid of compensation of Rs 8 Lakh .
Assessee wants claim relief of 89 for compensation .for computing average rate of tax by adding 1/3 of the compensation amount for last three preceding year .preceding 3 years taxable income more then 2.50 lakh but less then 5 lakh. he was not claim all deduction of sec 80 due to no tax liability was arise on that years . In current FY sec 89 relief working can we consider deduction which is not claim earlier in income tax return .
16 July 2022
Query is not clear, please elaborate the nature of relief you wish to claim..
16 July 2022
Dear Sir , Taxpayer is salary employee in current FY 2021-22, employer relive from service him with paid of compensation of Rs 8 Lakh . Assessee wants claim relief of 89 for compensation .for computing average rate of tax by adding 1/3 of the compensation amount for last three preceding year .preceding 3 years taxable income more then 2.50 lakh but less then 5 lakh. he was not claim all deduction of sec 80 due to no tax liability was arise on that years . In current FY sec 89 relief working can we consider deduction which is not claim earlier in income tax return .
16 July 2022
Whether the employer has given him any certificate amounting it to be salary arrears?
If no, you cannot claim it u/s. 89 of the act.
If no, you cannot claim it u/s. 89 of the act.
16 July 2022
Section 80c deduction can be claimed now. Check you can claim 89 relief.
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