Payroll fraud allowable as expenses under sec 37(1)
This query is : Resolved
manoj sonalkar
(Querist)
26 November 2019
In a company HR employee committed fraud & transfreed more salary to his account than actually payable to him.
Is this allowable under Income tax.
Is this allowable under Income tax.
Srishti Agrawal
(Expert)
26 November 2019
Since it is paid by the company into employee account you may show it as salary.
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