Calculation Of Relief Under section 89(1) in case of Adhoc Arrear Received
This query is : Resolved
10 September 2021
If a Bank Employee has received arrears of salary on an ad-hoc basis related to past years in A.Y. 2020-2021. The full amount is yet to be calculated by Bank which they will credit in the A.Y.2021-2022 only. Now the bank has not mentioned the AY/PY related to which the ad-hoc amount has been paid .
Kindly guide how can I claim sec 89 relief in the above scenario in A.Y.2021-22
Whether We has to Taken Arrear Amount After Deduction Ad-hoc Arrear or Without deducting Ad-hoc Arrear.
Kindly guide how can I claim sec 89 relief in the above scenario in A.Y.2021-22
Whether We has to Taken Arrear Amount After Deduction Ad-hoc Arrear or Without deducting Ad-hoc Arrear.
10 September 2021
Claim 89(1) relief next year when the yearly details are available.
Currently pay tax Without deducting Ad-hoc Arrear.
Currently pay tax Without deducting Ad-hoc Arrear.
10 September 2021
Ok Thanks Sir
But In F.Y. 2020-2021 It Has been Already Received what to do in current Year Return
But In F.Y. 2020-2021 It Has been Already Received what to do in current Year Return
11 September 2021
Include it under current ITR and pay taxes.
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- Under construction property in ITR
- Gift of mutual fund units to daughter
- Not able to file ITR
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
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
