one of the my client having salary income with incentive and he received form 16 salary + incentive income but he paid part of the amount of incentive to another person by cheque so how he can avail deduction for this payment and under which ITR ???
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Salary income as well as other paymnent
Replies (3)
ITR1 will suffice
Incentive is taxable under the head salary. If such incentive is paid to someone else, it is just application of income, in which case, such incentive is taxable in the hands of the recipient employee only. Form to be used is ITR1.
Nooo
Under salary income you can't claim any expenditure at all..
You have to pay taxes on such bonus income
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