Profit in lieu of salary

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Querist : Anonymous

Querist : Anonymous (Querist)

01 March 2010 If i applied for job and because of gender discrimination, the company denied me to give a job for some particular post and if i claim against that company. and if result come in favor of me then company have to pay compensation for not having a job. it is capital receipt but question is that there is not employer -employee relation between us. so how it can be treated as profit in lieu of salary under section 17(3)

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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01 March 2010 My view it is Income from other sources

Querist : Anonymous

Querist : Anonymous (Querist)

03 March 2010 Mr. Ramesh what is the reason for treating it as income from other sources?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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03 March 2010 Dear Nita Patel

There should be employer -employee relationship is must for salary income and your income may not cover other heads like HP/CG/PGBP so final head other sources only

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Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2010 Thnaks Mr. Ramesh

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