'B' has joined co.xyz in april.2007. Xyz Co. has put a condition on 'B' that co.will incur training cost on 'B' amounting Rs.300,000/- subject to condition that he will serve the co. for atleast 2 year.If he will quit co.before 2 years he has to returned the training cost amounting Rs.300,000/- to Co. 'B' accepts the condition. During the Year F.Y 2007-08 'B' has earned a salary of Rs.700,000/-.On may 2008 'B' quit the Co.Xyz after paying Rs.300,000/- to co. for violation of contract.
whether 'B' can claim deduction of RS.300,000/- from income under the head salary. if yes,then how & in which year????
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