POSTED BY May 17, 2014 11:07 am ONE COMMENTON
I am a Defence pensioner.An amount of Rs 25000/- was paid to me as arrears. I have asked the details payment of arrears. After several reminders from me payment authorities revealed it was a wrong credit. and have deducted Rs 16000/- in FY 2013-14.
A balance of Rs 9000/- is yet to be recovered. Can I deduct Rs 25000/- from my income for Tax calculation FY 2013-14 as it is no fault of mine and avoid payment of Tax for money that does not belong to me? Please guide me and send SMS alert.