section 89 relief
This query is : Resolved
19 September 2009
Sir
Is Section Applicable only for Arrears amount received or is it also applicable for Arrears Amount Due if this Due Amount has been included in the Total Income of the Assessee in the respective year of due.Can he claim Relief u/s 89 in the year in which he has included his arrears receivable in his total income.
Is Section Applicable only for Arrears amount received or is it also applicable for Arrears Amount Due if this Due Amount has been included in the Total Income of the Assessee in the respective year of due.Can he claim Relief u/s 89 in the year in which he has included his arrears receivable in his total income.
19 September 2009
Salary income is always chargeable to tax on receipt basis. So there is no question in including the salary due in the salary received.
20 September 2009
Section 89(1) reads as follows.
Where an assessee is in receipt.....being paid in arrears...
So due basis need not be considered.
Where an assessee is in receipt.....being paid in arrears...
So due basis need not be considered.
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