Leave Encashment & Income Tax
This query is : Resolved
chetan soni
(Querist)
29 January 2009
Hi All,
want to know the treatment leave encashment given at the time of resignation of employee as per sec 10(10AA).
Can it considered as "otherwise" as per section 10(10AA)
Please answer fast, i need this very urgently.
Thanks.
want to know the treatment leave encashment given at the time of resignation of employee as per sec 10(10AA).
Can it considered as "otherwise" as per section 10(10AA)
Please answer fast, i need this very urgently.
Thanks.
K V Subba Rao
(Expert)
29 January 2009
Voluntary retirement is one such case which comes within the four corners of expression "otherwise than superannuation"
Ref: Para 12.1.3 of 31st edition of Singhania's Ready Reckoner
At any stretch of imagination, 'resigntion' cannot be treated as 'retirement'
Ref: Para 12.1.3 of 31st edition of Singhania's Ready Reckoner
At any stretch of imagination, 'resigntion' cannot be treated as 'retirement'
chetan soni
(Querist)
02 February 2009
but it can be consider as Voluntary retirement from service.
chetan soni
(Querist)
14 July 2009
closed.
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