Sir,
In the Month of January, 07, I resigned from a Central Govt PSU and joined a Pvt Company. My ex-Company stipluates 90 days as Notice Period for Resignation. Since, there was shortage in Notice Period, I had to make payment of about Rs.55,000/- before getting relieved. I have made the payment (through a single Cheque) along with my other outstanding loans with the Company, in January, 07.
My question is, please clarify the following;
- can I reduce this amount deducted for Short Notice Period (Rs.55,000/-) from my taxable salary while filing returns, as my actual Salary received during 2006-07 is less by this amount..?
- However, to avoid delay in IT Filing, I have already filed return without reduction in my CTC. If I am eligible for reducing this from Taxable Salary, then can I file a Revised IT Return to claim the refund..?
Thanks & Regards,
N Srinivas
CAclubindia
