Relief u/s 89
This query is : Resolved
12 October 2010
The basic purpose of sec 89 is calculate the taxes on arrears based on cash basis or accural basis.
In cash basis you calculate the tax based on actual receipt of arrears.
Then , in accural basis the arrears are distributed between the year to which it relates.
Find out the tax by both the methods if as per cash basis tax is more , excess is deduction u/s 89
In cash basis you calculate the tax based on actual receipt of arrears.
Then , in accural basis the arrears are distributed between the year to which it relates.
Find out the tax by both the methods if as per cash basis tax is more , excess is deduction u/s 89
19 October 2010
THE RELIEF U/S 89 PROVIDES TO THE SALRY PERSONS AGAINST THEIR ARRIERS OF SALARIES. FIRST CALCULATE TAX LIABILITY ON CASH BASIS THN CALCULATE THE TAX LIABILITY ON ACCRUAL BASIS THE EXCESS OF TAX OF CASH BASIS IN COPARISION OF ACCURAL BASSIS SHALL RELIEF U/S 89
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Regarding TDS Applicability For Director Remuneration
- SFT Cash Deposit in Current Account
- Annual return in Gst
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
