ARREAR RECIVED IN RESPECT OF PROFESSIONAL SERVICES

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Suresh S. Tejwani (Querist)
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10 July 2022 Mr.A providing professional services to company X and he consider it as income from PGBP from past years. Mr.A received arrears of Rs.58875 for the month of January , february & March - 2021 in the month of JULY - 2021 . Whether arrears received in respect of professional services is taxable under the head salary or PGBP ? If taxable under salary, whether MR.A has to file Form 10E for the assessment year 2022-23. ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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10 July 2022 It will be considered as professional fees only. Should have been declared in ITR of AY 2021-22.

Suresh S. Tejwani

Suresh S. Tejwani (Querist)
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10 July 2022 MR.A received increment retrospectively from the month of January - 2021 and he came to know about it in the month of JULY - 2021 . The company X has also deducted TDS on the arrears in the AY 2022-23 . So it is shall be declared and taxable in the AY 2022-23 ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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10 July 2022 When TDS is deducted in AY 22-23, you have good option to declare income in this year.

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