Surajit Hembram (PSU employee) (43 Points)
23 July 2013
Supriyo Banerjee
(Executive Finance)
(181 Points)
Replied 23 July 2013
No, mr. Surajit, since you have in FY 2012-13 for both the employees & u have received such money as gratuity also in the same year i.e. on FY 2012-13. So u r not eligible for any relief. Because, Relief U/s 89(1) is applicable when u received some arrear money of preceeding yr in current previous yr.
Surajit Hembram
(PSU employee)
(43 Points)
Replied 23 July 2013
Supriyo Banerjee
(Executive Finance)
(181 Points)
Replied 24 July 2013
Then also No...because you have already received the money in FY 2012-13 which is chargeable in AY 2013-14....not in 2014-15. But, if u received any sum for FY 2012-13 or for any other preceeding previous year then u can avail relief U/s 89(1).
Surajit Hembram
(PSU employee)
(43 Points)
Replied 24 July 2013
ok...that means I can avail any sort of tax relief under that section at any time period. M I right....???
Supriyo Banerjee
(Executive Finance)
(181 Points)
Replied 28 July 2013
Sorry Mr. Surajit, i am not getting ur point, ...... Sec 89(1) is concerned with that ...that if u received any sum of money for any immediately preceeding previous year in any suceeding financial or previous yr....then u can avail relief u/s 89(1) in the next yr...i.e. in the assessment of the previous yr in which u have received such money...understandable ...if not do 1 thing send me a P.M. mentioning with ur phone number...i will call u
"Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
