89 relief under income tax act
This query is : Resolved
CA. NAGAM DEVI KUMAR
(Querist)
10 June 2014
Dear Sir
My basic question with regard to 89 relief, should it be rate difference for claiming relief. In my case the current year as well as previous years, he is in higher slab i.e 30% but because of arithmetical calculations he is getting relief. but basic reading of the section is, income is assessed at a rate higher than that at which it would otherwise have been assessed.
please also clarify, 80CCC can be claimed or not, on receipt of arrears.
My basic question with regard to 89 relief, should it be rate difference for claiming relief. In my case the current year as well as previous years, he is in higher slab i.e 30% but because of arithmetical calculations he is getting relief. but basic reading of the section is, income is assessed at a rate higher than that at which it would otherwise have been assessed.
please also clarify, 80CCC can be claimed or not, on receipt of arrears.
Nikhil Kaushik
(Expert)
10 June 2014
the effect is because of the average tax rates. so the relief as per arithmetical calculations is the right amount
chapter VI deductions shall be available against whatever income is being offered to tax in current year. rebate under section 89 wont undermine that claim
chapter VI deductions shall be available against whatever income is being offered to tax in current year. rebate under section 89 wont undermine that claim
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Oct 2025 Invoices
- Import of Software Service.
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Capitalgain tax purposes for valuation report compulsory
- GST on Renting godown to KFCSC for Storage of Raagi
- GST Audit whether Govt Companies are exempt?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
