Hello Everyone...!
I want expert advice on income tax on arrear salary. There was arrear salary of about Rs 206624 from financial year 2012-2013 paid to me with Rs166624 with deduction of rs 40000 as TDS. The income for the same financial year was Rs 193000 and no ITR was filed since it was not taxable. This arrear of Rs 166624 (TDS- Rs 40000) is paid in january 2018 (FY 2017-2018). The total income for the financial year is Rs 753674 and taxable income is 587600. Could you please guide me to deal with such situation for return filing........
Thanking You,
Vinayak
CAclubindia
