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.
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RETENTION BONUS ECOVERY
Replies (1)
No, you can not deduct
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