Section 89 relief as per income tax act
This query is : Resolved
07 February 2016
How to calculate relief under section 89 when salary is received in arrears.?
11 February 2016
You need to make two columner comparison for the year of income and year of receipt. Compare the tax due in both the years as per prevailing income tax rates. The excess amount of tax in the year of receipt may be claimed as relief u/s 89(1). You may calculate the same with excel utility available on follwoing link.
https://www.caclubindia.com/share_files/tax-calculation-and-section-89-1-calculation-from-f-y-1985-66637.asp
https://www.caclubindia.com/share_files/tax-calculation-and-section-89-1-calculation-from-f-y-1985-66637.asp
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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 Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
