Pay recovery hone par tax effect.
This query is : Resolved
07 January 2011
salaried person ko arrears milane par income me joda jata hai ,saath hi provision 89(I) hai.Official Audit me kai bar pay fixation wrong hone se/dimotion hone se ya aisi hi kisi ghatana ke karan pay recovery kar di jati hai,ye recovery long period (24/36 months)ki ya huge amount(10/20/.....50 thousands)ki bhi hoti hai.Recovery ke karan income kum ho gai,jabaki tax puri income(incl. recovery amount) per paid kiya ja chuka hai.Kya IT rules me koi provision nahi hai jisase adhik pataya gaya tax adjust ya refund kiya ja sake?
09 January 2011
Salry recovery may be adjusted against salary income the year in which recovery is deducted. It automatically reduce the tax liability of that year.
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
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS AND ITR ISSUE
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- ITR 4 and Bank transactions
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
