Relief u/s 89
This query is : Resolved
22 February 2011
Arrears of salary was received during FY 2009-10 & relief u/s 89 was also claimed that year. Again arrear was received in FY 2010-11 in respect of the same years for which arrear was received in FY 2009-10. My doubt is whether the arrear received in FY 2010-11 is only to be considered in computation of relief u/s 89 for 2010-11 or all the arrears received in both the FYs are to be cosidered?
If arrears received in FY 2009-10 is not cosidered, probably the tax computation for the years in respect of which arrear was received in FY 2009-10(for computation of relief), may not be correct as we will not be considering the arrears received in FY 2009-10 for those years, which has become the part of the taxable income for those years.
If arrears received in FY 2009-10 is considered, will there be double tax impact as the same arrears will be included in the taxable income of those years in respect of which the arrear was received and it is already included in the taxable income of FY 2009-10 as it was received in that FY.
If arrears received in FY 2009-10 is not cosidered, probably the tax computation for the years in respect of which arrear was received in FY 2009-10(for computation of relief), may not be correct as we will not be considering the arrears received in FY 2009-10 for those years, which has become the part of the taxable income for those years.
If arrears received in FY 2009-10 is considered, will there be double tax impact as the same arrears will be included in the taxable income of those years in respect of which the arrear was received and it is already included in the taxable income of FY 2009-10 as it was received in that FY.
22 February 2011
Hi
Will get back to u with complete wrkngs & Info
Thank you
Regards
CA.Lohith.J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITR Hons
Will get back to u with complete wrkngs & Info
Thank you
Regards
CA.Lohith.J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITR Hons
Guest
Guest
(Expert)
22 February 2011
Both arrear will be considered for relief u/s 89.
22 February 2011
Thanks for ur reply Mr.Moondra
23 February 2011
Hi,
Agree with Expert
Regards
CA.Lohith.J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITR Hons
Agree with Expert
Regards
CA.Lohith.J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITR Hons
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