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?
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Claiming 5lac tax rebate for voluntary seperation ay2015-16
Replies (2)
Amount exempt u/s 10(10C) up to Rs.5 lacs. I think you can use ITR2 and show such income under exempt income.
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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