arrear taxable or not?????
This query is : Resolved
30 June 2011
one of our client has received arrears from the date of joining upto the retirement (1986 to 2005)by court case. So whether it will be taxable at the prevailing rate or taxable at d rate in which belongs...
30 June 2011
arrear taxable, but you may take relief under section 89
01 July 2011
thanks 4 ur reply but i want to know whether it will be taxable at the prevailing rate or it will b taxable at the rate in the year to which income belong. for example arrear received for the year P.Y.1998-99 will be taxable at the rate prevailing in a.y.1999-2000.
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