Question ID :
39265
Tax on notice period deduction
TDS was deducted on salary income including notice period deduction from the first employer.
Now filing income tax return how to show this notice period deduction to get a refund of the TDS deducted on notice period amount?
Posted by
Hunny Badlani
on
Jul 04, 2019
Filed Under
Income From Salary
Actual salary received after deducting notice pay recovery is taxable and should be shown as gross salary. Refund for TDS deducted on notice period salary can be claimed. Refer ITAT Ahmedabad judgment in case of Shri Nandinho Rebello vs. DCIT ITA no. 2378/Ahd/2013.
Posted by
CA. chunauti dholakia on
Jul 04, 2019
Answer ID :
78981
Gross salary will be net of notice period deduction. TDS on the notice period will be refunded.
Posted by
CA PRADEEP C B on
Jul 05, 2019
Answer ID :
78990
the notice period pay is also salary and include it in the salary income and claim refund.
Posted by
CA. VENKITARAMAN K V on
Jul 06, 2019
Answer ID :
79022
No Extra Efforts , Just copy paste you form 16 salary in ITR which is issued after adjustment of Notice pay
Posted by
CA. BISHT RAKESH on
Jul 12, 2019