Relief u/s 89(1)
This query is : Resolved
01 August 2017
Arrear received during Fy 2016-17 (Aug 17) related to Sep 14 to July 17 as follows
Basic 49694+DA 274076+HRA 19651+HDA 4140=347561(total)
Deduction Pension 50905+SIP 16500+Tds 35000= 245156 Net Received.
Income for FY 2016-17 Including Above arrear
Basic 182394 DA 413704 HRA 30290 HDA 5940 Bonus 6774=639642
Deduction
80C 149555
Rent paid 5000 PM for fy 2016-17
Return filled
For Fy 2014-15 Showing Income 245850
For Fy 2015-16 Showing Income 264000
Please advise about relief U/s 89(1)
Basic 49694+DA 274076+HRA 19651+HDA 4140=347561(total)
Deduction Pension 50905+SIP 16500+Tds 35000= 245156 Net Received.
Income for FY 2016-17 Including Above arrear
Basic 182394 DA 413704 HRA 30290 HDA 5940 Bonus 6774=639642
Deduction
80C 149555
Rent paid 5000 PM for fy 2016-17
Return filled
For Fy 2014-15 Showing Income 245850
For Fy 2015-16 Showing Income 264000
Please advise about relief U/s 89(1)
01 August 2017
bifurcate the arrears financial year wise....sept 14 to Mar 2015, Apr 2015 to Mar 2016, Apr 2016 to Mar 2017. The remaining will go to current year. Work out if 89(1) proves to be beneficial..... if yes... fill form 10E
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
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
