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Salaries Area

This query is : Resolved 
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(Querist)
06 October 2008 Whether any penalty paid by an employee to a employer on account of revocation of bond can be claimed as an expenditure by that employee
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
06 October 2008 The problem is it is not in the list of allowable deduction in the case of salary. As it arises out of an employment contract the same can not br deducted from any other souce of income as well.
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