CONDITIONS
FOR CLAIMING INCOME TAX RELIEF UNDER SECTION 89
1. There is no necessity to file all
previous years returns for claiming relief u/s 89.
2. The
relief u/s 89 is to be given in the assessment in which the extra payment by
way of arrears, advance etc., is taxed.
3. Basically,
the relief u/s is arithmetical.
4. It
involves finding out two rates of tax.
The first is the rate of tax applicable to the total income including
the extra amount in the year of receipt.
The second is finding out the rate by adding the arrears to be total income
of the years to which they relate.
5. For
this purpose, the assessee should be asked for a true and authentic statement
of the total income of the earlier years to which the arrears pertain.
6. There is no warrant for
issuing a notice u/s 148 or calling for returns of income of the earlier years.
Note: Many defence pensioners
(Specially re-employed and retired), who have received Delinking arrears are
hesitating to claim relief u/s 89 because of the fear that they will be asked
to file Income Tax returns for the previous years. The above clarification is given to clear
their doubts. You can file IT return First
Time & claim relief without any fear.
Once tax deducted from your pension, you have to file IT return settle
the things. You should not leave it
unattended.
PLEASE CONTACT EXWEL TRUST FOR ANY ASSISTANCE IN THIS REGARD
VISIT OUR WEBSITE FOR MORE INFORMATION
www.exweltrust.in
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