Relief u/s 89
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 April 2012
Dear Sir/Madam
I have query in the Section 89
The Situation is Mr. Murali is a State government employee his Salary income for the AY 2011-2012 200000/- and he received a Salary arrears Rs 220000/- for AY 2004-2005
1) Now He can deduct the arrears from the total Salary or Not
I have query in the Section 89
The Situation is Mr. Murali is a State government employee his Salary income for the AY 2011-2012 200000/- and he received a Salary arrears Rs 220000/- for AY 2004-2005
1) Now He can deduct the arrears from the total Salary or Not
04 April 2012
The arrears shall be added to his salary income and tax shall be computed on such income.
However, relief u/s 89 shall be available and shall reduce the tax liability.
However, relief u/s 89 shall be available and shall reduce the tax liability.
04 April 2012
You have to first calculate tax on salary of Rs. 420,000/- then out of such tax liability relief u/s 89 will be granted.
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.
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- FORM 26A APPLICABILITY
- 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
