I received the LIC OF INDIA wage revision arrears from 08.2017 to 03.2021 in April 2021is it possible to claim relief from arrears under section 89(1)by 10E .when I have to claim the relief ie in AY 2021-22 or in AY 2022-23. And also I received cash medical benefit for the above periods along with arrears what is the effect of it in tax.please clarify.
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Replies (8)
Yes you can claim relief under section 89 (1) by 10E you can select assessment year 2021-22
Thank you sir. But the arrears received in the month of 04.2021. shall I claim the relief from ,FY 2017-18 .in my office officer is telling that to get relief under sec 89(1) permission from it authorities or from finance ministry needed.is it correct.
Very well
Veerendar Singh sir
I am not understood your reply
Your office people are just bluffing, dont listen to them.
and you can claim the relief only in ay 22-23.
you must also know that such relief will be taken into account in your tds, 26as and form 16. you may cross verify the amounts.
and you can claim the relief only in ay 22-23.
you must also know that such relief will be taken into account in your tds, 26as and form 16. you may cross verify the amounts.
Agreed
Thank you very much sir
Your welcome
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