Clause 205 - Tax relief for arrears or advance receipts
Direct Taxes Code Bill, 2009 Chapter XI - Part-D COLLECTION AND RECOVERY - D.-Tax credit for relief in respect of payments received in arrears or in advance
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Tax relief for arrears allows relief for salary, pension or provident fund receipts relating to other years, with exceptions. The Assessing Officer must, on application, grant prescribed relief where a person receives arrears or advances of salary or family pension relating to ... Summary
Tax relief for arrears allows relief for salary, pension or provident fund receipts relating to other years, with exceptions.
The Assessing Officer must, on application, grant prescribed relief where a person receives arrears or advances of salary or family pension relating to another financial year, or where the accumulated balance from an approved provident fund is included in total income; such relief is not allowed in respect of compensation for retrenchment or voluntary retirement.
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