My client is an employee of MSPGCL (Maharashtra State Power Generation Co. Ltd.) and is about to receive on retirement, Gratuity of Rs 7lacs and Leave encashment of Rs 4 lacs. As MSPGCL is registered under Companies Act. he may have to bear huge tax liability pls suggest.
Menu
TAXABILITY OF RETIREMENT BENEFITS RECD BY EMPLOYEE OF MSPGCL
Replies (1)
Assessee can take shelter of Sec 89 to reduce his tax liability
Regd
Lovenish Bansal
Recent Topics :
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
Related Topics :
CAclubindia
