I have filed form 10E taking benefit u/s 89(1) last year in which I showed arrears of the period from F.Y. 2015-2016 to 2019-2020.
now, this year too, I got arrears of the same relevant years,
so my question is which taxable income I should show while filing 10E?
pls, I appreciate your guidance.
Menu
10E u/s 89(1)
Replies (6)
Quick Summary
Sec 89(1) relief form 10E
The one which you declared last year.
But don't you think sir the total of the taxable income plus arrears shown in the last year should be the taxable income to be shown this year
Yes, that is what I have mentioned above.
Any income already been assessed till last year, would be exempt this year, only additional income should be declared this year.
sir please look into this
Any arrears for earlier years would be added to the already tax paid income declared in that year. The tax paid income would include any arrears included in following year.
If you have received any arrear for AY 2021-22, (FY 2020-21), then only it should be declared for last year.
But last year you had been given arrears for FY 2015-16 to FY 2019-20.
The arrears received in FY 2021-22 are for which year? is it only for FY 2020-21 or earlier years?
Recent Topics :
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
Related Topics :
CAclubindia
