Section 89(1) of Income Tax: Relief on arrears
Salary arrears are treated as salary income in the income tax return. They are taxable in the year of receipt of this income. Hence, if past dues are added to your salary for the … READ FULL STORY
Salary arrears are treated as salary income in the income tax return. They are taxable in the year of receipt of this income. Hence, if past dues are added to your salary for the … READ FULL STORY