Recovery of pension
This query is : Resolved
23 June 2016
My client received monthly pension out of which some amount was of commuted pension. But due to some compliance requirement it was treated as monthly pension. So total received amount was taxable. According to final order it will be considered as commuted pension. Now part of commuted pension included in monthly pension will be adjusted out of total commutation on which tax has already been paid and resulting amount will be received. So please tell how to get refund of tax paid on part of commuted pension.
24 June 2016
you can now calculate the deduction on commuted pension and take the benefit of that earlier year pension already taxed, there is no option for that in my opinion . you can wait of another expert opinion.
24 June 2016
Is calculation of relief (10E)possible for this ?
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