Relief U/S 89(1)
This query is : Resolved
prakash r sahane
(Querist)
25 February 2011
An assessee is eligible for arrears of salary ( 6th pay arrears )of Rs.120000/-. of which Rs. 48000/- are received in 2010-11.Balance to be received in the Subsequent years.
wether Rs. 120000/- are taxable on Due basis or receipt basis? can releif be claimed.
when balance arrears are received in subsequent years,again relief can be claimed in subsequent years?
Reply over pr_sahane@yahoo.com urgently
Thanks.
Prakash
wether Rs. 120000/- are taxable on Due basis or receipt basis? can releif be claimed.
when balance arrears are received in subsequent years,again relief can be claimed in subsequent years?
Reply over pr_sahane@yahoo.com urgently
Thanks.
Prakash
CA PARAS BAFNA
(Expert)
25 February 2011
Arrears will be taxable on Receipt Basis and Relief can be claimed.
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