Old Income
This query is : Resolved
19 October 2020
Dear Sir,
I was working in a company which has not paid me salary of Apr, May, June 2018 & I have left it. I joined a new company in Aug 2018. I have filed my IT return for FY 2018-19 for the salaries received from New company which were around 3 lakhs i.e. zero income tax.
Now on July 2019 that old company has paid me salaries of Apr, May, June 2018 which is around 2 lakhs. Can i revise the Income tax return of FY 2018-19 (total income 3+2=5 lakhs, nil tax) or should I show it in income of FY 2019-2020.
If I show it in FY 2019-2020 It will make me in 20% bracket.
Kindly advise.
I was working in a company which has not paid me salary of Apr, May, June 2018 & I have left it. I joined a new company in Aug 2018. I have filed my IT return for FY 2018-19 for the salaries received from New company which were around 3 lakhs i.e. zero income tax.
Now on July 2019 that old company has paid me salaries of Apr, May, June 2018 which is around 2 lakhs. Can i revise the Income tax return of FY 2018-19 (total income 3+2=5 lakhs, nil tax) or should I show it in income of FY 2019-2020.
If I show it in FY 2019-2020 It will make me in 20% bracket.
Kindly advise.
CA R SEETHARAMAN
(Expert)
19 October 2020
Revise the return so that you can reduce your tax.
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