Recovery of excess paid arrears.
This query is : Resolved
07 February 2011
Arrears were paid in the previous year and tax was recovered.
Now it is found excess payment and recovery is arranged in instalments spreading over 3-4 years.
Now the questions are :
1. How the recoveries are shown in the current assessment?
2. How the income tax recovered in lump sum during last assessment year gets adjusted?
Now it is found excess payment and recovery is arranged in instalments spreading over 3-4 years.
Now the questions are :
1. How the recoveries are shown in the current assessment?
2. How the income tax recovered in lump sum during last assessment year gets adjusted?
07 February 2011
Please check the following link
https://in.answers.yahoo.com/question/index?qid=20100928210443AABMxq2
https://in.answers.yahoo.com/question/index?qid=20100928210443AABMxq2
Guest
Guest
(Expert)
07 February 2011
Nothing wrong. However you can get rebate u/s 89 of arrears relating to earlier years.
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