Hi, This is my first post in this forum, please correct me if necessary. I am salaried person and my query is
" I have received 2010-11, 2011-12 and 2015-16 arrears in the FY 2017-18 along with regular salary
Also I applied for EL encashment and
Interest on FDs received.
As a result my total income exceeded 50 lakhs ( About 50.78lakhs) and I have to pay surcharge.
Is it possible to show the arrears in the respective previous years so that my total income does not cross 50 lakhs?
" Is it possible to show the arrears in the respective previous years?"
Yes, definitely.
You can get rebate u/s. 89(1) of IT act, for arrears of salary.
You can calculate the difference of tax relief, ......... fill form 10E and upload the same along with ITR
| Originally posted by : Dhirajlal Rambhia | ||
 |
" Is it possible to show the arrears in the respective previous years?" Yes, definitely. You can get rebate u/s. 89(1) of IT act, for arrears of salary. You can calculate the difference of tax relief, ......... fill form 10E and upload the same along with ITR |
 |
Thanks a lot Sir for the reply.
But two days back when I approached a CA he said as per latest rule it is not possible to show arrears in previous years and you have to pay full tax.
As per your reply it is possible.
I think I have to take the help of a CA to complete the process.
| Originally posted by : Dhirajlal Rambhia | ||
|
" Is it possible to show the arrears in the respective previous years?" Yes, definitely. You can get rebate u/s. 89(1) of IT act, for arrears of salary. You can calculate the difference of tax relief, ......... fill form 10E and upload the same along with ITR |
|
Sir, I approached 2-3 CAs no one is willing to do the work. Is it possible to file it on my own? What precautions I should take?
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