A person has received entire salary of previous year in current years as arrears. Hence his salary as per Income Tax Return for last year was nil. Can he claim benefits of Standard Deduction Rs 50,000/- and other deductions under chapter VI A while filing Form 10E as the same was not utilised in last year's return?
3 Replies
Sharath chandra
(Accountant)
(1227 Points)
Replied 13 January 2024
No salary this year? he can claim for this year in return only.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 13 January 2024
If it's salary income then he can claim std deduction. Otherwise it can't.
Sharath chandra
(Accountant)
(1227 Points)
Replied 15 January 2024
He cannot take the benefit for py.
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