Forgoing of salary - taxation

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1359 Points Posted on 23 January 2023
if a employee instruct his/her employer to transfer his salary directly to his creditor so does it is considered as forgoing of salary ??
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On 23 January 2023 at 22:07 Report
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This discussion clarifies that instructing an employer to transfer your salary directly to a creditor is not considered forgoing salary. Instead, it's viewed as income earned and then applied. This means the income remains taxable in the employee's hands, as it's an application of income.

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Practising CA
8954 Points Posted on 24 January 2023
No. It means Income is Earned and then applied. Such transaction is an application of income taxable in the hands of employee.
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On 24 January 2023 at 00:56
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1359 Points Posted on 24 January 2023
Thanks sir for replying
under which section forgoing of salary is covered ?
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On 24 January 2023 at 12:17

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