Where there is a decision to increase the D.A. in March, 2021 with retrospective effect from 1st April, 2019, and increased D.A. is received in April, 2021, the increased portion of D.A. is taxable :

CS Executive · Tax Laws and Practice · PYQS · June 2021
Where there is a decision to increase the D.A. in March, 2021 with retrospective effect from 1st April, 2019, and increased D.A. is received in April, 2021, the increased portion of D.A. is taxable :
(A) In the Financial year 2019-20
(B) In the Financial year 2020-21
(C) In the Financial year 2021-22
(D) In the respective years to which they relate

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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