Tax applicability on salary arrears of previous years.
This query is : Resolved
Dheeraj N Kamath
(Querist)
07 February 2011
A govt. employee while retiring after 20 years of service in air force in feb, 2010. Receives salary arrears relating to years from 2003-2010 at the end of his service. The payment was made by deducting tax. whether it is taxable this year? that is A.Y. 2010-2011. if taxable under what head and section. Please help me out with this. I'm confused.
Guest
Guest
(Expert)
07 February 2011
You can claim rebate u/s 89 for the arrears of earlier years otherwise it will be taxable in 2010-11.
Message likes :
1 times
Dheeraj N Kamath
(Querist)
07 February 2011
Sir,
But can Excemption u/s 10(10C) be claimed for him since he was a govt. employee(Indian Air Force) he has completed 20 years of service.
But can Excemption u/s 10(10C) be claimed for him since he was a govt. employee(Indian Air Force) he has completed 20 years of service.
Dheeraj N Kamath
(Querist)
07 February 2011
actually that was my doubt.
Dheeraj N Kamath
(Querist)
07 February 2011
It is given that he is later on employed in RMS(Railway Mail Service). Is it considered to be under same management?
Aditya Maheshwari
(Expert)
07 February 2011
The employee has retired due to age and not voluntarily retired to claim exemption u/s 10(10)(C) as the section is for VRS.
Message likes :
1 times
Guest
Guest
(Expert)
08 February 2011
exemption u/s 10(10)(C) will not be available.
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
- Gst credit note by supplier
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Wrong CMPo8 file
- Number of years as per AS amortisation of Goodwill
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
