section 89 relief
This query is : Resolved
19 September 2009
Sir
Is Section Applicable only for Arrears amount received or is it also applicable for Arrears Amount Due if this Due Amount has been included in the Total Income of the Assessee in the respective year of due.Can he claim Relief u/s 89 in the year in which he has included his arrears receivable in his total income.
Is Section Applicable only for Arrears amount received or is it also applicable for Arrears Amount Due if this Due Amount has been included in the Total Income of the Assessee in the respective year of due.Can he claim Relief u/s 89 in the year in which he has included his arrears receivable in his total income.
19 September 2009
Salary income is always chargeable to tax on receipt basis. So there is no question in including the salary due in the salary received.
20 September 2009
Section 89(1) reads as follows.
Where an assessee is in receipt.....being paid in arrears...
So due basis need not be considered.
Where an assessee is in receipt.....being paid in arrears...
So due basis need not be considered.
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Gift of mutual fund units to daughter
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Reporting of STCG on Property in ITR
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
