Please Help: Taxability of salary

Posted Date : 02-Mar-2012 , 03:14:09 pm | Posted By Priyavart Soni

sir my brother join govt jo in month of of nov 2009 but he received salary from nov to march in april 2010. whether salary related to 2009-10 is taxable in 2010-11. if his salary taxed in 2010-11 can he get any relief from tax?

Category : Income Tax | Answers : 5 | Comments : 0 | Hits : 314

Answers

Answer By: CA. MANISH MALHOTRA

This salary will taxable in A/y 2011-2012(i.e financial year 2010-2011). Also you can claim relief u/s 89 of Income Tax Act, 1961

Answer By: Ketan Samdani

Salary is taxable on receipt or accrual basis whichever is earlier. So the salary will be taxable in AY 2010-11 i.e. year 2009-10 itself.

Answer By: CA VIPIN GARG

Dear Priyavart, I am fully agree with Manish Ji, it will be taxable in AY 2011-12 but relief under section 89 can be claimed.

Hope you got the answer you were looking for, have a nice day.......

Answer By: Rambabu Senkarasetti

Taxable in 2010-11

Answer By: Rambabu Senkarasetti

You can get relief u/s89