recieved a voluntary seperation package last fin year 2014-15, can i claim this rebate this year under sec 10c?
if yes, which ITR should be used?
Raghunandan BN (Others) (25 Points)
25 August 2015recieved a voluntary seperation package last fin year 2014-15, can i claim this rebate this year under sec 10c?
if yes, which ITR should be used?
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 25 August 2015
Amount exempt u/s 10(10C) up to Rs.5 lacs. I think you can use ITR2 and show such income under exempt income.
Raghunandan BN
(Others)
(25 Points)
Replied 26 August 2015
Thanks Poornima, but in ITR2 "exmpt income" doesnt clearly specify if i can show the voluntary seperation package as "loss". last year ITR2 had a option to declare it under section 10C. but this year they have changed that. not sure if the rule has changed>?
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