Wednesday, July 28, 2010

Relief under Section 89 of Income Tax Act

Sent: 26 July 2010 06:32
Subject: Relief under Section 89 of Income Tax Act

Dear Chander:

Lt Col MG Kapur deserves compliments for his email regarding distribution of arrears over previous years for purposes of tax. For all of Pre-1996 retirees, at least cols and brigs who earned full retiring pension (Rs. 12825/- on 31 Dec 2005 for a colonel), these arrears and their allocation should be identical for the four previous financial years involved. If someone in this group of retirees has already figured out the year wise allocation of these arrears, and if these could be published in RMS, it will be a great help to affected veterans of respective ranks.

Col SK Paranjape.

Sharad Paranjape
372 Central Park West #19Y
New York NY 10025, U.S.A.
Phone: 212-316-6575

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