Repeated arrear received, Relief under section 89.
This query is : Resolved
26 July 2020
Respected sir, I got arrear in FY 2017-18 (Rs 230000) for FY 2015-16 and 2016-17, claimed relief u/s 89 also. Now in 2019-20 I again got arreaer for 2015-16,2016-17 and 2017-18. During filling 10e taxable income of 2017-18 should be reduced by arrear amount (Rs 230000) or not . I increased the taxable income of 2015-16 and 2016-17 by adding arraer amount. What to do with taxable income of 2017-18. If I deduct arrear amount slab change occurs to lower percentage. It will give me more tax relief. Please Suggest..
VIJAY KUMAR
(Expert)
27 July 2020
No need to reduce income of 2017-18. in my view simply increase the income of 2019-20 with arrears and compare without arrears. Same way compare the income of 2015-16, 2016-17 and 2017-18 with and without arrears, note down the difference and reduce from the increased liability of 2019-20. Take the enhances original income with arrears (first arrears of 2,30,000) for the year 2015-16, 2016-17 and 2017-18 to mitigate any effect of slab rate change.
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