What is voluntary separation payment
This query is : Resolved
CA Shyam Agarwal
(Querist)
21 October 2013
in blance sheet assets side op. blance of voluntary sepration payment given 65000 & closing blanc is given 125000.. additional information is given that voluntary separation cost 50000 adjst against gen.res.
from abve prblm 110000 is paid..
but i couldn't understood the concept of VRP
21 October 2013
Hi
It is like VRS.
Refere: https://law.incometaxindia.gov.in/Directtaxlaws/act2005/sec_010(10c).htm
Thanks//VaibhavJ
It is like VRS.
Refere: https://law.incometaxindia.gov.in/Directtaxlaws/act2005/sec_010(10c).htm
Thanks//VaibhavJ
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