06 July 2013
Hi, One of my uncle was working with 'Pal Peugeot Ltd'. The Company went into liquidation. In FY 12-13, he has received a sum of Rs. 10 lacs+ for arrears from Jul 98 to Sep 05. The amount contains arrears, retrenchment compensation, leave salary & gratuity. I am not sure about the taxability of this receipt. Can you please help me in this regard? Also do I need to file form 10E.
CAclubindia
