Any compensation paid to employee after legar hearing is allow as expenditure in income tax?

This query is : Resolved 

29 July 2024 Any compensation paid to employee after legar hearing is allow as expenditure in income tax? under which head expenses should book ???

Pls answer

30 July 2024 Need to check the reason for the payment.

30 July 2024 some accident was happend & we paid him 116300/- after labour court order

30 July 2024 Whether any insurance claim received for the accident?

30 July 2024 some accident was happend & we paid him 116300/- after labour court order

30 July 2024 no insurance policy at that time

30 July 2024 You may claim it under compensation paid over accidental loss.

30 July 2024 no insurance policy at that time

30 July 2024 THANKS SIR .............

30 July 2024 You are welcome.


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