ITR 1 salary return

279 views 8 replies
I received my sal of feb 19-20 as arrear in april 20(i.e a.y.2021-22). NOW can i simply subtract that arrear sal in itr of AY 2020-21. Kindly guide
Replies (8)
In case of of arrears relief under section 89 is available. since the differences is only of one year I think you should ignore it,because there is not a lot difference in tax rates under income tax . so kindly file salary of February 19 20 received in April 20 as a income of previous year 20-21 in assessment year 21-22.
But my form 16 shown 12 month salary how can i reduced Feb month salary from A.Y. 20-21

show it in itr of AY 2020-21

on accrual basis

That means i need to pay tax on feb month salary ..
because due to receipt of feb month salary in april month , TDS is also deduct in april month
Yep, file in AY 21-22
But due to feb month salary added In ITR a.y. 2020-21 my return is shown tax payable because salary is taxable on accrual basis , due to that my retrun show tax payable

You cannot show income less than shown in your 26 AS.

You wrote as But my form 16 shown 12 month salary how can i reduced Feb month salary from A.Y. 20-21"

 

 

 

 

 

 

My 26 As shown less amt from income shown in form 16 (l.e. My form 16 shown approx 8 lac salary including feb month salary but my 26 As shown approx 7 lac on which TDS is Deducted )
so now can i reduced income from form 16 because as per 26 as TDS is deducted only on 7 lac amount )


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register