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Forgoing of salary - taxation
if a employee instruct his/her employer to transfer his salary directly to his creditor so does it is considered as forgoing of salary ??
Replies (2)
No. It means Income is Earned and then applied. Such transaction is an application of income taxable in the hands of employee.
Thanks sir for replying
under which section forgoing of salary is covered ?
under which section forgoing of salary is covered ?
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