Daily Archives: September 24, 2015

Compensation received by prospective employee on termination of employment

By | September 24, 2015

whether Compensation received by prospective employee on termination of employment contract is taxable ? An amount received by a prospective employee ‘as compensation for denial of employment’ was not in nature of profits in lieu of salary. It was a capital receipt that could not be taxed as income under any other head HIGH COURT OF… Read More »