RELIEF U/S 89(1)
This query is : Resolved
28 May 2020
ASSESSEE, A GOVT.EMPLOYEE RECEIVED ARREARS OF SALARY FOR FY 2015-16, 2016-17, 2017-18, 2018-19 IN FINANCIAL YEAR 2019-20. PF OF 100000 IS DEDUCTED DIRECTLY BY THE TREASURY EACH YEAR. ASSESSEE HAS NOT CLAIMED ANY 80C DEDUCTION DURING THE RESPECTIVE YEARS WHILE FILING INCOME TAX RETURN. FOR 10 E CALCULATION , ARREARS OF PF CAN BE SPREAD OVER RESPECTIVE YEARS AND CLAIMED .IS IT POSSIBLE ? OR PF CAN CLAIMED IN THE YEAR OF PAYMENT ONLY ? IF POSSIBLE TO CLAIM IN THE YEAR OF PAYMENT ONLY, WHAT BENEFIT WILL GET TO ASSESSEE? ANY FAVOURABLE CASE LAWS
28 May 2020
1. Get the arrears breakup with respect to all the financial years. Since PF is contributed by the Organization and the employee, the monthly details of the PF amount of Rs.1.00 lakhs spread over the years can be availed
28 May 2020
2. And yes, the tax benefit on PF can be mentioned, spread over respective years and the benefits claimed.
28 May 2020
PF benefits can be claimed in the year of payment only.
Earlier not claimed PF benefits can be claimed now'.
Earlier not claimed PF benefits can be claimed now'.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Inventory of finished goods
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
