Income tax

You can mention clearly that previous bonus pertaining to previous year and present bonus pertaining to present financial year. 

Hi Murali,

You can claim relief under section 89 of Income Tax Act.

For further details and detailed solution, write your detailed query to us at:

https://ngoandtaxconsultant.in/p/blog-page.html

DEAR SIR,

While filing the income tax return for the assessment year 2014-15, you can claim all the bonus in the gross receipt  on receipt basis in the financial year. Alternatively, you can claim relief for your previous bonus in the current assessment year under section 89. 

For further query can contact -chandani.adv@gmail.com

Dear Sir,

What are the procedure to file time barred income tax return for the financial year 2010-2011 i.e. assessment year 2011-12. while the firm gross receipts is 30,30,866/- and TDS deducted of rs. 41,682/- we can get the refund or not. if we are not file the return of respective assessment the what are the steps taken by income tax department.

Thanking you

Lakshuman Saw

Tax Consultant