Is filing of 10e u/s 89(1) mandatory 2 income tax departmet?
This query is : Resolved
30 December 2013
As per Section
"""Sub-section(2A) of section 192 provides that in respect of salary, payments to employees of Government company, co-operative society, local authority, university, institution association or body, deduction of tax at source may be made after allowing relief under section 89(1), if allowable
2. Rule 21AA, however, requires furnishing of particulars specified in this form. The particulars relate to salary received in arrears or in advance, gratuity for past services of five years or more, compensation at or in connection with termination of employment and commutation of pension which are to be computed in accordance with the provisions of sub-rules (2), (3), (4) and (5) of rule 21A, respectively.
3. Form 10E should be furnished by the assessee to the employer who is responsible for deducting tax at source."""
I Have three doubt about this::-
1) Is this mandatory to file either Employer or Income tax Dept in respect of arrears of Salary ?
2) Is Online Form 10E mandatory in connection of arrears of salary??
3) If I do not file online Form 10 E, What is consequence??
"""Sub-section(2A) of section 192 provides that in respect of salary, payments to employees of Government company, co-operative society, local authority, university, institution association or body, deduction of tax at source may be made after allowing relief under section 89(1), if allowable
2. Rule 21AA, however, requires furnishing of particulars specified in this form. The particulars relate to salary received in arrears or in advance, gratuity for past services of five years or more, compensation at or in connection with termination of employment and commutation of pension which are to be computed in accordance with the provisions of sub-rules (2), (3), (4) and (5) of rule 21A, respectively.
3. Form 10E should be furnished by the assessee to the employer who is responsible for deducting tax at source."""
I Have three doubt about this::-
1) Is this mandatory to file either Employer or Income tax Dept in respect of arrears of Salary ?
2) Is Online Form 10E mandatory in connection of arrears of salary??
3) If I do not file online Form 10 E, What is consequence??
30 December 2013
1. yes it is required to be submitted to line.
2. There is no provision for online filing. You need to submit the hard copy to the employer. It might be asked for by AO only where your case is picked up for scrutiny.
3. in absence of Form 10E, arrears received shall be included in your current years' income and tax accordingly and no rebate shall be allowed as provided in Section 89.
2. There is no provision for online filing. You need to submit the hard copy to the employer. It might be asked for by AO only where your case is picked up for scrutiny.
3. in absence of Form 10E, arrears received shall be included in your current years' income and tax accordingly and no rebate shall be allowed as provided in Section 89.
31 December 2013
Thank you Sir...
I have got clear idea
I have got clear idea
31 December 2013
You are welcome hitesh
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