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Taxability

This query is : Resolved 
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(Querist)
11 January 2013 (iii) Mr. Xavier received Rs. 2,00,000 from the prospective employer before joining duty in order to resign from the present employer. Subsequently, he joined the new employer. The amount received is
(a) Taxable as income from business (b) Taxable as salary income
(c) Exempt from tax u/s 10 (d) Exempt being capital receipt.
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Guest

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Guest (Expert)
11 January 2013 The amount received will form part of salary in nature of other cash benefit.
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anurag

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anurag (Expert)
11 January 2013 income from salary..
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Vasanta

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Vasanta (Querist)
14 May 2013 Can u pls tell me how it is taxable under Salary Because there is no employer and employee relation ship?
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