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Income from arrears of salary

Tax queries 844 views 4 replies

Dear sir,

It is the case of a senior citizen retired govt. employee who is getting some arrears of pension in month of Mar- 10 with retrospective effect from April- 09. He was not aware the fact within the time so not able to make the investment on time so get the income after deducting the TDS.

Whether there is any option to make the investment after Mar- 2010 so avoid the tax liability…. Very urgent!!!!!!!!

 With regards,

Vineet vaish

Replies (4)

Hi Vineet,

Investments should be made with in the Previous year itself. No relaxation is available...

As far as Arrears goes - "Relief u/s 89(1) can be claimed to reduce the tax burden....

Agree With Amir Bhai.......

But If U Wanna Investment in Previous Year.Contact any Investment Consultant......

May Be U Get Back dated Investment.

If Tax Liability Cumin More.

the only way is to claim relief u/s 89(1).

Dear vineet,

I agree with amir fully and partially with agrawal. I suugest you to advice him to honestly pay the taxes and never try any unethical means to reduce the tax burden. the anxiety and embrassment caused to u n client will be much more than the benefit.

Warm regards

Kanti Jain


CCI Pro

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