RETENTION BONUS ECOVERY

Aduru Ramakrishna (TAX CONSULTANT) (1 Points)

13 November 2020  

DURING THE FY 2019-20, 1 OF MY CLIENT SHIFTED FROM 1 COMPANY TO ANOTHER.  DURING THE SHIFT TIME IN 1 COMPANY JOINED ON 6.5.2019 TO LEAVE THE COMPANY ON 18.9.2019.  WHEN LEAVING THE COMPANY, COMPANY PEOPLE RECOVERED  RS.25000  OUT OF EARNINGS AS RETENTION MONEY.  PLEASE LET ME KNOW IS IT DEDUCTIBLE FROM INCOME WHILE PREPARING TAX RETURN, IF SO UNDER WHICH SEC.