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Income Tax Byte ⚡
An amount received by a Prospective Employee ‘as Compensation for Denial of Employment’ is not in nature of Profit in lieu of Salary. It is a Capital Receipt that could not be taxed as Income under any head.
GST | Refund Update
Another application for the same period may be submitted in the "ANY OTHER" category if, unintentionally, any ITC was overlooked to be claimed in any refund application.