Hello,
My question is what is the taxability and accounting treatment for compensation received by employer from his employee in case of breach of contract of employment..
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Compensation received by employer from employee on breach of contract
Replies (3)
I think it should be taxable under head PGBP. entry would be
bank Dr.
To compensation
bank Dr.
To compensation
Compensation in your case will be assessable as business income.
thanks
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