RELIEF ON INCOME TAX ON ARREARS OF OROP-2
1. There have been Many queries from our readers on as to how to work out relief on Arrears of OROP-2 which has jumped up the Taxable income for the Financial Year 2023-24., which had been received during the year and also what we should do before filing the current ITR before 31st of Jul 20243. The installments of OROP-2 or portion of it that falls under the FY 2023-24 has added to your income thereby enhancing the amount of Income Tax that will be assessed that becomes due accordingly