https://www.taxtmi.com/forum/issue?id=110048 Issue: Whether recoveries in the current year of pension excesses relating to earlier years - which were netted against non taxable commutation arrears and for which tax was previously charged - may be deducted from current year income or relieved by refund, revised returns or relief under Section 89(1). The employer contends no provision allows deduction in the current year and treats recoveries as advances; commentators advise obtaining employer year wise break up in Form 16 or separate certificate and consulting a CA to pursue refunds or revised assessments with the tax authorities. en-us Thu, 17 Mar 2016 19:45:39 +0530 Thu, 23 Jan 2025 15:56:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110048 Issue: Whether recoveries in the current year of pension excesses relating to earlier years - which were netted against non taxable commutation arrears and for which tax was previously charged - may be deducted from current year income or relieved by refund, revised returns or relief under Section 89(1). The employer contends no provision allows deduction in the current year and treats recoveries as advances; commentators advise obtaining employer year wise break up in Form 16 or separate certificate and consulting a CA to pursue refunds or revised assessments with the tax authorities. Discussion-Forum Income Tax Thu, 17 Mar 2016 19:45:39 +0530 https://www.taxtmi.com/forum/issue?id=110048