26 June 2010
I am pcc student. In one of the case of our client, the comapany paid extra salary of Rs.150000 to the assessee by mistake in 2002-03 and he paid the tax on it as advance salary, now in year 2009-10 the company realised that it was wrongfully given that amount. in the year 2009-10 the company paid the normal salary deduct tax on it. and after giving salary they taken that Rs. 150000 back from the assessee. now whats the taxability treatment in computation of income Please reply soon.