Can anybody please tell me the tax treatment of ex-gratia payment received by an employee of Pvt. Ltd. Company on account of winding up of company ?
AND
Whether any benefit is allowed under the act?
4 Replies
Anoop srivastava
(223 Points)
Replied 22 July 2021
No it will be treated as normal income under salary only
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 22 July 2021
It will be treated as a part of salary income
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