arrear of salary
This query is : Resolved
21 February 2008
Increment for the month of Jan-Mar'08 will be received in the month of Apr'08.
Plz clarify it will be taxeble in which assessment year i.e. 2007-08 or 2008-09.
Thanks,
Plz clarify it will be taxeble in which assessment year i.e. 2007-08 or 2008-09.
Thanks,
21 February 2008
ARREARS OF SALARY IS TAXABLE IN THE YEAR OF RECEIPT THEREFORE IT IS TAXABLE IN 2008-09.BUT IF IT IS AGREED THAT THE PAYMENT WILL BE MADE IN APRIL BUT DECIDED IN THE PREVIOUS YEAR 2007-08 THAN IT IS TAXABLE IN 2007-08 ON DUE BASIS
21 February 2008
If it is already a committed amount, it will fall under the category of salary due. You have to clarify this aspect.
08 March 2008
On accrual basis in the year 2007-08
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Grand in aid
- ASMT-10 received from A O
- IT returns for fresh job holders
- ITR-Capital Gain
- Traces submitting correction statement error
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
