Tax on last last year income

Ideally, salary is taxed on recieved or accrued which ever is earlier.

Hence, in current case the income for the current year would be only the salary for 11-12.

However, since in the previous year the return was not filed and income was not booked, it should be disclosed in current year.

But if the training salary was below the taxable limits, there was no need to file any return of income so if the training salary is less than the maximum amount does not exceed the mximum amount not chargeable to tax, simply book the training salary as capital reciepts and book current salary to taxes.

Agreed with CA Ankit Totla

Thanks sir but problem is that they have deducted Rs 15000-

he got  Rs 285000= (200000) f y 2011-12 +100000 (f y  10-11)- 15000 (tds) 

now what to do

Claim for TDS can be made only as per the 26AS statement.

The only option you are left with is to apply for a notice u/s 142(1) with the AO and file a return in response to such notice claiming the TDS deducted.

Ankit

Can the assessee not file a belated return for FY 10-11 . The time stands till 31-03-2013, ie 1 year from end of AY, ie, AY 11-12.

Nisha : The tax deduction was for which FY : 10-11 or 11-12. Kindly confirm. Then a better recourse may be given.

Regards,

Dipjyoti,

Sorry, i misread it as AY 10-11, yes the belated return can be file claiming the TDS return.

Originally posted by : Dipjyoti Majumdar
	Ankit Can the assessee not file a belated return for FY 10-11 . The time stands till 31-03-2013, ie 1 year from end of AY, ie, AY 11-12. Nisha : The tax deduction was for which FY : 10-11 or 11-12. Kindly confirm. Then a better recourse may be given. Regards,

AGREED.