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information about 10e

23 January 2018

I have got one lac and fifty thousands rupees as arrears of last 5 years In this amount 1 lac is principal and fifty thousand rupees is as interest can I divide only principal amount in last 5 years according 10e not interest

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5 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (174190 Points)
Replied 24 January 2018

Interest over last five years can be claimed only by revising the earlier filed returns (possible only for two years).......... but not u/s.89.

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Amit Vashist (39 Points)
Replied 24 January 2018

Can principal amount be divided into the last 5 years

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (174190 Points)
Replied 24 January 2018

Principal amount is capital receipt !!! Not taxable, why to bifurcate?

Amit Vashist (39 Points)
Replied 26 January 2018

Sir I got 150000 Rs as arrears for last five years in this finance year in this amount 1lac is principal amount and fifty thousands is as interest how can I bifurcate it