• Welcome to itatonline.org Forum.
 

News:

ITAT issues guidelines for stay of demand.

Main Menu
Menu

Show posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Show posts Menu

Messages - Aasiyana01

#1
Dear Sir,

I'm a salaried employee and working in a MNC, currently i'm suffering from Cancer since July'2014.
And my employer is providing me salary even i'm not able to go to office.

My question is that can i get deduction u/s 80-U and is my disease is meet the requirement of definitation of "disability".
I have to file my FY14-15 return in ITR-1 or ITR-2

Pls assist.
#2
Discussion / Re: Notice Period Compensation
March 06, 2013, 04:59:43 PM
But is we treat it as a Application of money where as fundamentaly it is not a application of money. because if any arrear or surplus provided by employer is taxable as per salary provision, so such expense pertain to same employer so there should be some section where employee can get the deduction for the same
#3
Discussion / Notice Period Compensation
March 05, 2013, 04:43:34 PM
If we pay notice period compensation to employer

Fundamently - it is business income for employer & taxable u/s 37 (1) as revenue income
But this income already tax for employee as tds u/s 192 on monthly basis
So hw one income can taxable twice

Technicaly - non of salary section allow such deduction ....if it is business loss then nt setoff from salary

So wt is clear view
Plz try to resolve & provide with logical solution with IT act 1962 ref.