Old arrears received in this finical year.

This query is : Resolved 

15 July 2014 I received left over arrears in ths fincial year .so.my income tax arrise .what I have to do for exemption on this arrears amount.

15 July 2014 if it was not offered for tax earlier then 30% standard deduction is allowed.

15 July 2014 How to file return for this,

15 July 2014 file as in the col of arrears of rent in the schedule income from house property.

15 July 2014 But this due arrears of salary , of last year

15 July 2014 you havent mentioned that so for salary show it as income for salary for current year if it was nt offered for tax earlier and also take relief under sec 189.


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