As we know that, VRS is eligible for excemption u/s 10(10C), upto Rs. 5 Lakh.
My question is that does the interest received on late payment of VRS amount is considered as VRS only & claim the exemption ? or does it be taxed under "Other source "?
As we know that, VRS is eligible for excemption u/s 10(10C), upto Rs. 5 Lakh.
My question is that does the interest received on late payment of VRS amount is considered as VRS only & claim the exemption ? or does it be taxed under "Other source "?
Its interest income, taxed u/h. IFOS.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
