{"id":29378,"date":"2022-09-07T07:59:16","date_gmt":"2022-09-07T02:29:16","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=29378"},"modified":"2022-09-11T20:43:08","modified_gmt":"2022-09-11T15:13:08","slug":"notice-period-recovery-is-taxable-or-not","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/notice-period-recovery-is-taxable-or-not\/","title":{"rendered":"Notice Period Recovery is taxable or not"},"content":{"rendered":"<p>I left my organization Saxo Bank, Gurgaon, Haryana back in June 2021, and they deducted 1.9 L as Notice Period recovery and settled everything in Full and Final Settlement in which I paid them the left over recovery amount. Last month&#8217;s salary was not paid, and while I was serving the Notice Period, I paid them the projected Notice Period recovery.<\/p>\n<p>In the final F-16 I recieved from them they&#8217;ve kept the whole 1.9L as a taxable income, I asked them to correct it. And they asked me to claim it in ITR.<\/p>\n<p>When I claim it in the ITR, I get a defective Notice from IT Dept.<\/p>\n<p>I have been in contact with Saxo since today morning and they&#8217;re saying that it should be taxable, and that the F-16 is correct. I cited the recent ruling of HC Ahmedabad where they mentioned that the actual salary paid can only be taxable. They&#8217;re saying that you cannot cite something that happened in Ahmedabad here in Delhi NCR.<\/p>\n<p>I have been haggling with them for over an year now, please suggest the options I have. The legal proceedings are so long here in India, that one might even keep waiting for so long you never know.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[33],"qa_category":[23],"qa_tag":[685,682,48,426],"class_list":["post-29378","qa","type-qa","status-publish","hentry","qa_expert-advocate-shashi-ashok-bekal","qa_category-income-tax","qa_tag-notice-period","qa_tag-notice-period-recovery","qa_tag-recovery","qa_tag-salary"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/29378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=29378"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=29378"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=29378"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=29378"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=29378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}