Section 89(1)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 October 2011
PLEASE SEND ME DETAILED EXPLANATION REGARDING THE COMPUTATION OF RELIEF UNDER THIS SECTION FOR DIFFERENT SOURCES OF INCOME.
18 October 2011
The concept is to applied when we receive some arrear salary in the current year:-
Relief is to be given u/s 89(1) when we are paying more tax on arrears received in current year if calculated under current years income than if it was calculated in that year in which the income was actually received.
So to the extent of extra tax payable a relief is given u/s 89(1)
Check this link
http://www.simpletaxindia.org/2011/04/891-relief-calculator-for-arrears.html
Relief is to be given u/s 89(1) when we are paying more tax on arrears received in current year if calculated under current years income than if it was calculated in that year in which the income was actually received.
So to the extent of extra tax payable a relief is given u/s 89(1)
Check this link
http://www.simpletaxindia.org/2011/04/891-relief-calculator-for-arrears.html
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?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- ITC EXCESS CLAIM + RCM NOT PAID...BOTH FOR FY 2020-21......PAID IN FY 2024-25....EFFECT
- 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
