During the PY - 2023-24 if an individual received a salary arrear of rs. 2,00,000 of the PY - 2020-21.
On PY 2020-21 he received salary of 7,00,000 and arrear of Rs.1,00,000.
While calculating relief for PY 2023-24 whether we consider Rs.7,00,000 or Rs. 8,00,000 as income for the PY 2020-21?
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Salary arrear calculation doubt
Replies (1)
If income including arrears is considered in ITR in the previous years, do not consider it in the year of receipt.
If arrears is not included in income of earlier years in ITR, consider it now in the year of receipt.
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