Salaries Area
This query is : Resolved
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
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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