I got PRC Arrears of Rs.100000/- today and that Arrears relating to F.Y.2014-15, Now i want to claim that Arrears as per Sec.89(1). My Query is, For F.Y.2014-15 i am not file Income Tax Return. So can i Claim that Arrears as per Sec.89(1) in A.Y.2019-20?
Menu
10-e calculation for a.y. 2019-20
Replies (5)
You can claim 89(1)
But avoiding interest you must pay advance tax on your arrear and claim it as refund by 89(1)
ok thanks sir, but 2014-15 i.t.return not filed
How much was your total income during FY 2014-15 ? and how much your total income during ay 2019-20 ? IF total income during ay 2019-20 is much higher than fy 2014-15 then it will be beneficial for you to claim relief under section 89(1). Even if you not filed itr for fy 2014-15 you can claim relief.
CA umesh kumar- 9717597230
If your income less than the exempted limit you no need to file return for that period to claim 89(1) deduction in the Current AY.
Yes, But filling form 10E u/s 89(1) is very tricky, handle the form carefully Refer complete Guide u/s 89(1)
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
