Arrears
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2014
Dear Sir,
Arrear receivable is Rs. 10 lac in three instalment, first installment of rs. 3.5 lk received in f.y 13-14. Next two installment will get in future.
My query is can i add total rs. 10 lk of arrears in previous years to which it belongs because in that year income is very low or i can add only rs. 3.5 lk.
In simple words my question is Arrers receivable in future (i.e remaining two instalment ) can be add today for f.y 13-14 year or when it will received so will be add then.
Arrear receivable is Rs. 10 lac in three instalment, first installment of rs. 3.5 lk received in f.y 13-14. Next two installment will get in future.
My query is can i add total rs. 10 lk of arrears in previous years to which it belongs because in that year income is very low or i can add only rs. 3.5 lk.
In simple words my question is Arrers receivable in future (i.e remaining two instalment ) can be add today for f.y 13-14 year or when it will received so will be add then.
21 June 2014
It will be taxed in the year of receipt so do not worry about it. Pay tax when arrears will receipt by you.
Message likes :
1 times
21 June 2014
if your arrear related to salary then you can claim the relief u/s 89 and make calculation of tax . I hope you can get relief u/s 89.
Message likes :
1 times
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
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Minimum tax payable to file Updated return
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Dep. as per companies act
- Applicability of GST on Salary Reimbursement Component
- Change Of Karta In Case of Death
- TDS on purchase of under construction property from a reseller
- Need Professional Opinion AY 2012-13 Old Demand
- Renovation exp. in flat by family member
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- 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
- How to pay remaining amount of TDS after due date?
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
Quick Links
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
CCI
Pro
CAclubindia
