Arrear adjestments
This query is : Resolved
21 July 2013
in financial year 2012-13 i receiver arrears for the financial year 2005-06. and now i want know that it's treated income for the financial year 2005-06 or 2012-13.
14 August 2013
It will be treated as income of the year 2012-13. However, you are eligible for relief u/s 89(1).
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