Please Help: Salary notice period pay deduction
Posted Date : 09-Feb-2012 , 10:39:44 am | Posted By Sachin Gupta
kindly suggest for following example:-
I have resigned from A co. and paid notice pay shortfall of Rs. 1.50 lac (assume) by myself and this amount was reimbursed to me by company B after joining. Now, B is going to deduct TDS on this amount but A is refusing to deduct this amount from Form-16 (this will put me in a loss due to TDS).
Do we have any Case Law decided in this regard which I can forward to company A, so that they can deduct this amount from my form-16? Is there any other way to avoid this double taxation.
Kindly suggest.
I have resigned from A co. and paid notice pay shortfall of Rs. 1.50 lac (assume) by myself and this amount was reimbursed to me by company B after joining. Now, B is going to deduct TDS on this amount but A is refusing to deduct this amount from Form-16 (this will put me in a loss due to TDS).
Do we have any Case Law decided in this regard which I can forward to company A, so that they can deduct this amount from my form-16? Is there any other way to avoid this double taxation.
Kindly suggest.
Category : Income Tax | Answers : 1 | Comments : 2 | Hits : 479
Answers
Answer By: Mrattunjay
At the time of filling the return you can claim for refund and by showing actual income in return
Comments
Sachin Gupta
12-Feb-2012 , 08:12:46 amDear All, Plz reply asap
Sachin Gupta
15-Feb-2012 , 05:15:49 pmthanks... but can i get any case law reference plz