Tax liability
This query is : Open
25 July 2013
I have to return a file of the individual who receives second installment of 6th pay commission.I want to know the taxabilty in this case.?Is there implementation of Section 89??
25 July 2013
The amount received is taxable and relief U/s 89 in respect of earlier years' salary is available.
25 July 2013
But in ma opinion salary is taxable on due or receipt basis whichever is earlier so u dnt think the whole amount is taxed in the year when it first received.??
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