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COMPENSATION ON VOLUNTARY RETIREMENT OR TERMINATION OF SERVICE
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To avoid double benefits, it has been proposed that no relief shall be granted under Section 89 in respect of any amount received or receivable by an assessee on his voluntary retirement or termination of his service if an exemption has been claimed by the assessee under clause 10(C) of Section 10. Correspondingly, it is also proposed that where any relief has been allowed to any assessee under Section 89 for any assessment year in respect of any amount received or receivable on voluntary retirement or termination of his service, no exemption under clause 10(C) of Section 10 shall be allowed.  |
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Office
address: 611/612, Raikar Chambers,
Shankeshwar Parshwanath Marg, Deonar,
Mumbai - 400088.
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