Income tax relief under section 89

When an employee receives salary for more than 12 month in any one financial years due to being paid in arrears or in advance. Due to excess salary he assessed at higher rate than that at which it would otherwise has been assessed, then he can claim relief u/s 89. Basic points are as under:…

CHAPTER XIID – Special provisions relating to tax on distributed profits of domestic companies

Section – 115-O : Tax on distributed profits of domestic companiesSection – 115P : Interest payable for non-payment of tax by domestic companiesSection – 115Q : When company is deemed to be in default