Salary problem
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 December 2011
it act say that salary is taxable when recieced and due which is earlier but in case of arrear salary why we forget this rule and it is panel for asseseee wether yes or not and also in fevour of 89 relief plz explain arrear salary also rahul burad
02 December 2011
Dear friend, The Salary is taxable on the basis of accrual basis, i.e. accrued whether received or not. In case of Arrears , whether amount has been received or not will be included in the salary of the F.Y. in which it is accrued. Section 89 provide relief to the assessee in case of salary received in arrear or advance.
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 December 2011
Thanks sir i want to regular cntact th u by this site
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