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.
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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.
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