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Recovery of excess paid arrears.

This query is : Resolved 
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(Querist)
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?
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K V Subba Rao

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K V Subba Rao (Expert)
07 February 2011 Please check the following link

https://in.answers.yahoo.com/question/index?qid=20100928210443AABMxq2
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Guest

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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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