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Onsite income arrear

Tax queries 213 views 3 replies

Hi,

I have a query regarding taxability of onsite income which is related to previous financial year.

Here is the brief summary, In FY 2018-19 there was salary recovery for extra overseas salary paid to me. The recovery was done in May 2018 by generating a payslip of Dec 2017 as below

Gross Income : X

Salary Recovery : Y

Net Salary : X-Y, which is negative

So basically, I have to payback Y amount to my company in May 2018 as part of salary Recovery and the same has been included in my taxable income.

My residential status was NRI in 2017-18.

Can I claim this onsite taxable portion as salary in FY 2017-18 and claim tax relief under it?

 

Thanks,

Vikas

 

Replies (3)

Not possible, unless you have supporting data as per revised form 16.

In form 16, recovery amount is mentioned as onsite taxable income. I was just thinking that this is related to salary/income of FY 2017-18, I can mention this amount for FY 2017-18 and claim rebate u/s 89(1). Will that be right?

You may claim it, but being NRI for that particular year, may not get any advantage.


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