Salary

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Querist : Anonymous

Querist : Anonymous (Querist)

10 June 2010 In a partnership firm, if salary is paid to a brother of a partner above the exemption limit ie. 1,60,000, and TDS has not been deducted. Will the whole salary paid to such brother be disallowed for the firm's computation?

kindly help

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

10 June 2010 Salary Payment not covered U/s.40(a)(ia), hence no disallowance

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Querist : Anonymous

Querist : Anonymous (Querist)

14 June 2010 Aarears of salary:

An employee recvd his arears of salary for the previous 3 FY's in the current year. if the salary had been accounted inthose respective years, he would be cominf in the 10% of IT slab. But not, he has to pay @30% slab.

Is there an option to account the arrears recvd in the respective years?

Kindly help

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

15 June 2010 Arrears can be taxed in the year of receipt and relief u/s.89 can be claimed for details for sec.89 please refer the following link

https://www.caclubindia.com/experts/relief-under-section-89-410170.asp

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