Suppose, an arrear related to last two financial years are received this year. And I want to claim relief.
For 2015-16, my tax relief is 2500
For 2016-17 my tax relief is (-)1500
So, in effect I have relief for Rs.1000/-
Because there is no relief (or minus relief) for F.Y. 2016-17 as per my calculations in Table-A of Form 10-E, Can I omit it from Form 10-E to claim undiminished relief from 2015-16 for Rs.2500
Yes. You can claim arrears benefit only for FY 2015-16; while the remaining amount can be offered to tax in current year.
Most Welcome...
N J Suresh & Associates
Bengaluru
CA Inter
View Details
CA ANOOP P K & ASSOCIATES
Kozhikode
CA Inter
View Details
My Legal Tax Consultants Pvt. Ltd.
Noida
CA Inter
View Details
RoamPrime Technologies Private Limited
Bengaluru
CA
View Details
CCI
Pro
CAclubindia
