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.
CA Ashish Agrawal
