27 December 2008
sir A govt. servant joined his service in Nov.2006. He has received his arrears this year as per the 6th pay comm. recommendatoins. since his total income for the year 2006-07 is less, can he show his arrears in his 2006-07 income to decrease his tax liability.
27 December 2008
No. However,the arrears can be spread over to the respective years and tax relief,if a ny,can be claimed u/s 89(1) of the Income Tax Act,1961.
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