Excess pension of 1.12 lakhs was paid in fy 2018-19 by treasury which was not due to me. they paid by mistake.
In fy 18-19 they deducted tax on it.
Am I liable to pay tax on amount which paid to me mistakingly and being recovered back in fy 19-20 on bringing to notice this mistake by me only. they were not aware of the Blunder done.
Menu
Excess Pension
Replies (3)
u are not liable to show 1.12 L as income in ur ITR . however u can claim the TDS dedn on it but next year u may not claim this tds as already claimed in 19-20
fy 18-19 they excess amount and deducted TDS
now in fy 19-20 they are recovering the excess amount paid in monthly installments
now in fy 19-20 they are recovering the excess amount paid in monthly installments
good clarification and information
Recent Topic
- Rent from redevelopment property
- How to find FMV of inherited gold after selling it
- Happy CA Day!!
- Share your proudest CA moment 🏆
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
Related Topics
CAclubindia
