Arrears regarding clarification

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This discussion clarifies the process for handling arrears and Section 89 relief. It explains that if negative relief is calculated for arrears in Form 10E, you may not need to fill out the form. It's also suggested that showing the entire arrear amount in the current financial year, without seeking relief, is a better option. Furthermore, the discussion clarifies that Form 10E is not needed if you're not claiming relief, and taxability is determined by the current financial year's income, irrespective of rebates.

Krishnakant Kumar

Krishnakant Kumar (Querist)
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24 July 2024 a) Sir , if negative relief is coming for arrears in section 89 for form 10E after doing calculation. Do still i have to fill form 10E and verify it???
b) Can i show whole arrear in the current financial year, if i dont want relief under section 89??
c)is total taxable income in form 10E after taking all deductions such as 80C, hra, 80 CCD, 10(14) ??
c) is arrear taxable for previous financial year and will be cut from current financial year and the amount will be refunded??

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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24 July 2024 1. No.
2. Yes, that is better option
3. No need to consider form 10IE, file directly as per form 16
4. No taxability is based on current FY income, be with rebate or without rebate.

Krishnakant Kumar

Krishnakant Kumar (Querist)
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25 July 2024 thankyou sir for resolving my issue

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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25 July 2024 You are welcome

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