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Marginal relief (sec.89 ) and sec .10 (10)c

ITR Filing 1410 views 1 replies

Dear Sirs ,

                  An Assessee has received his Total VRS (Voluntary Retirement Scheme) Compensation over a period of two years ; in AY 2012-13 amounting to 8,00,000 and in AY 2013-14 amounting to Rs.400000 . The amount received in AY 2013-14 is mainly comprised of Ex-gratia amount.

                   He had already claimed the exemption under Section 10(10)C in his Tax Return for the A.Y. 2012-13 . 

Now can the assessee claim releif under Section 89 in AY 2013-14 with respect to the amount of Rs.4,00,000

           Kindly advise.

          Thanks

                   

Replies (1)

Where any relief has been allowed to an assessee under section 89 for any assessment year in respect of any amount received or receivable on his voluntary retirement or termination of service or voluntary separation, no exemption under sec 10(10)c shall be allowed to him in relation to such, or any other assessment year.


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