Retention Bonus Taxability
This query is : Resolved
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RAJEEV KUMAR MEHTA
(Querist)
12 July 2022
Retention Bonus paid to employee in the financial year 2020-21 and recovered back from full & final settlement in financial year 2021-22 as the condition of not leaving the company for one year was not met. Can the amount recovered back be claimed as deduction by employee!
Request for an advice in terms of the position under Income Tax Act!
Request for an advice in terms of the position under Income Tax Act!
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RAJEEV KUMAR MEHTA
(Querist)
13 July 2022
Request advice in terms of the position under Income Tax Act!
RAJEEV KUMAR MEHTA
(Querist)
13 July 2022
Request advice in terms of the position under Income Tax Act!
Dhirajlal Rambhia
(Expert)
14 July 2022
Refer: https://www.caclubindia.com/experts/taxability-of-retention-bonus-2876174.asp
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