Myself Jugal Mehta.
My query is that i have transfered from Mumbai office to UAE office in my comapny. As both the comapny having different entity of accounts so i have to resign from mumbai office to join UAE office.
Now i get Full & final settlement letter from company. In this company has to pay me bonus for last financial year (2011-12) that they will pay me in october 2013. But they are deducting tax on this bonus now in the Full & final settlement only.
My question is if Company has not paid me bonus in this financial year then how they deduct tax on this? As per my understanding tax is only applicable if i get something in my account.
Is it right? should company can cut tax in this year? please help to resolve this.
CAclubindia
