Friday, November 7, 2014

[aaykarbhavan] Sum received under VRS was exempt as it didn't exceed Rs. five lakhs and VRS was in accordance with Rule 2BA



Sum received under VRS was exempt as it didn't exceed Rs. five lakhs and VRS was in accordance with Rule 2BA

November 7, 2014[2014] 49 taxmann.com 398 (Pune - Trib.)
IT: Where voluntary retirement scheme launched by 'K' Ltd. satisfied all requirements of Rule 2BA of 1962 Rules, assessee being employee of 'K' Ltd., was entitled to claim exemption of Rs. Five lakh under section 10(10C) towards retirement benefits received under said scheme
 
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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