Again it is relief u/s 89
This query is : Resolved
02 November 2009
Sir
Again you are not understanding my question. I am not asking about taking the income to any year of my convieniance, I am only asking whether the assessee can choose between the year of receipt or year to which it belongs to.
For eg he is getting arrears for 4 years from 2005-06 to 2008-09 in the year 2009-10. Can he include the arrears of 2005-06 and 2006-07 to the respective years and the balance arrears for 2007-08 and 2008-09 in the year of receipt ie 2009-10 and pay tax accordingly.
Again you are not understanding my question. I am not asking about taking the income to any year of my convieniance, I am only asking whether the assessee can choose between the year of receipt or year to which it belongs to.
For eg he is getting arrears for 4 years from 2005-06 to 2008-09 in the year 2009-10. Can he include the arrears of 2005-06 and 2006-07 to the respective years and the balance arrears for 2007-08 and 2008-09 in the year of receipt ie 2009-10 and pay tax accordingly.
02 November 2009
Absolutely No. Arrears of 2007-08 and 2008-09 received in the year 2009-10 should be added to the income of 2007-08 and 2008-09 and relief has to be worked out.
02 November 2009
Agree with expert.
Either you can bifurcate the income in respective years or you can consider the it for the current years income. No third option available.
Either you can bifurcate the income in respective years or you can consider the it for the current years income. No third option available.
02 November 2009
THANK YOU FOR THE REPLY.
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