Relief u/s 89 when arrears for the p.ys received second time
This query is : Resolved
10 June 2014
Dear Sir
Employees of our organisation received substantial salary arrears in financial year 2007-08 for which Section 89 relief is already availed. We have received further arrears in financial year 2013-14. How do we calculate relief under Sec. 89 to ignore the earlier income considered for 89 relief since the statement does not provide for any adjustment for such income already deemed as receipts of respective years.
Employees of our organisation received substantial salary arrears in financial year 2007-08 for which Section 89 relief is already availed. We have received further arrears in financial year 2013-14. How do we calculate relief under Sec. 89 to ignore the earlier income considered for 89 relief since the statement does not provide for any adjustment for such income already deemed as receipts of respective years.
10 June 2014
you have to calculate the tax amount by taking amount of arrears in respective year as you have calculated in previous year relief.
Message likes :
1 times
10 June 2014
Dear Sir
Thank you for the advice .
However I am not clear your point.Please suggest in case of an assesee who recieved Rs 1.30lakhs as arrears for AY 2008-09 relating to three Previous years . Now he received Rs 2.40 Lakhs as arrears for AY 2008-09.Now my doubt is while working relief for AY 2014-15, for AY 2008-09 which amount is to be taken ?, ie, including arrears received during AY 08-09 Rs 1.30 Lkhs or excluding the same.
Kindly clarify
Rgds
Thank you for the advice .
However I am not clear your point.Please suggest in case of an assesee who recieved Rs 1.30lakhs as arrears for AY 2008-09 relating to three Previous years . Now he received Rs 2.40 Lakhs as arrears for AY 2008-09.Now my doubt is while working relief for AY 2014-15, for AY 2008-09 which amount is to be taken ?, ie, including arrears received during AY 08-09 Rs 1.30 Lkhs or excluding the same.
Kindly clarify
Rgds
10 June 2014
Include 1.30 lacs in the returned income of A Y 2008-09
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Rent lease agreement
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- If there is Long term capital gain exists how much total income to be considered
- E Commerce GSTR1 & 3B how to file
- 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
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
