leave encashment at the time of retirement
This query is : Resolved
20 July 2010
can someone tell me that rebate of RS.300000 under leave encashment at the time of retirement is also available for resigned employee.
20 July 2010
Yes allowable under section 10(10AA) because retirement includes resignation.
Citation:- CIT Vs D.P. Malhotra (1997) 142 CTR (Bom) 325.
Citation:- CIT Vs D.P. Malhotra (1997) 142 CTR (Bom) 325.
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20 July 2010
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