Had filed form 10 E, however forgot to mention the relief in ITR under sec 89. Return has been processed. Is there any way to claim the relief now.
4 Replies
Kev Men
(788 Points)
Replied 13 April 2022
You will have to file a revised return mentioning the relief in the ITR, subject to revised ITR is filed within its due date.
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 19 April 2022
To save you from any additional tax burden due to delay in receiving income, the tax laws allow a relief under section 89(1). In simple words, you do not pay more taxes if there was a delay in payment to you and you were in a lower tax bracket for the year you received the money. For claiming relief under section 89(1) for arrears of salary received, it is mandatory to file Form 10E with the Income-tax department. If Form 10E is not filed and relief is claimed, then the taxpayer is most likely to receive notice from the Income-tax department for not filing Form 10E.
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 24 April 2022
Revised ITR can not be filed now, You can file for rectification
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 02 May 2022
If in case of receipt of past salary, salary in advance or receipt of family pension in arrears, you are allowed some tax relief under section 89(1). Step 1: Calculate tax payable on the total income, including additional salary – in the year it is received. Arrears provided will reflect in Part B of Form 16.
Recent Topics
- LUT Number on Invoices
- HSN Summary B2B and B2C
- DRC-01 Demand Notice for filing GSTR-9 Wrongly
- Income Tax for freelancing services
- Income Tax Return Filing Reg
- DRC 03 payment method
- GST Registration for Service Providers
- Tax for individual freelancing service providers
- LUT Number confusion! ARN or Reference Number
- Section 44ADA Query - 75 Lakh Limit Clarification
Related Threads
CAclubindia
