Please Help: Reg House Rent Allowance
Posted Date : 05-Aug-2012 , 03:30:01 pm | Posted By CA. AJAY GOYAL
HRA PAID TO AN EMPLOYEE LAST YEAR AND TAX RECOVERED THEREON.
NOW IN CURRENT YEAR HRA HAS BEEN RECOVERED ON ACCOUNT OF WRONG DISBUSEMENTS LAST YEAR AND THEREFORE DEDUCTED FROM C,YEAR'S SALARY.
WETHER DEDUCTION WILL BE ALLOWED FROM C.YEAR SALARY OR NOT?
NOW IN CURRENT YEAR HRA HAS BEEN RECOVERED ON ACCOUNT OF WRONG DISBUSEMENTS LAST YEAR AND THEREFORE DEDUCTED FROM C,YEAR'S SALARY.
WETHER DEDUCTION WILL BE ALLOWED FROM C.YEAR SALARY OR NOT?
Category : Income Tax | Answers : 1 | Comments : 0 | Hits : 156
Answers
Answer By: saurabh goyal
Mr. goyal in my knowledge this adjustment is not possible. the only way for the employ is to revise the return of last year and return the money wrongly disbursed to him.
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