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Arrears and tax

Others 454 views 3 replies

Dennis

31 Points Posted on 17 June 2019

My mom is a sernior citizen in her seventies...she is curretnly receiving the family pension of my dad...she recently received an pension arrear for a period of three years..the amount accounts for nearly 3 to 4 lakh...it has been credited under the title pension for the particular month.do arrears count as income..if so her total income now exceeds 5 laks for this financial year.i am thinking if i should file ITR for her in the next assesement year.can she get relief under any section..pls explain.

Replies (3)

Chatopadhya

student

278 Points Posted on 17 June 2019

Yes, relief u/s. 89(1) can be claimed for the arrears, if returns of relevant years were filed. You need to file form 10E along with return.

Dennis

31 Points Posted on 18 June 2019

sir pls tell me how to deal with it if returns were not filed in the relevant years.

Chatopadhya

student

278 Points Posted on 18 June 2019

No. Relief cannot be availed if relevant IT return not filed.

Better to save some money u/s. Sr. Ctz Acct or Bank FD eligible for 80C deduction.

If her taxable income is brought under 5 lakhs for FY 2019-20, there will not be any tax liability. Only return for AY 2020-21 will be required to be filed.