Good Morning Sir
client is working in muncipal corporation last year FY 22-23 he has told me that he received arrears of 7th pay commission and provided me arrear sheet, i considered total arrear amount provided in sheet and calulated relief accordingly ( in that arrear sheet total arrear amount provided but total arrear was not received in FY 22-23 it was getting paid in EMIS) and filed return last year ,now this year he has received one emi of arrear in FY 23-24 which is included this years for 16 salary.
How i can correct this mistake
and what implecations are there please guide
Menu
Salary Arrear Query
Replies (1)
In ITR (income tax return). arrears of salary received should be shown in the following places:
- Schedule S: Show the arrears of salary received in Schedule S, which is for reporting salary income,
- Schedule El: if the arrears are related to a previous year, show the amount in Schedule El, which is for reporting income from previous years.
- Schedule Sl: If the arrears are exempt from tax (e.g.under Section 89(1) show the amount in Schedule Sl, which is for reporting exempt income.
- Additionally:
- Form 10E: If your are claiing relief under section 89(1)for arrears of salary, file Form 10E.
- Note: Mention the details of arrears, including the year to which it relates, in the "Notes" section of the ITR.
Recent Topic
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
- Internal reconstuction
- IDS Refund – Annexure B & GSTR-3B Match,
- Can i should STCG and LTCG as business income ?
Related Topics
CAclubindia
