11 September 2021
Dear Sir , A person received VRS amount more then exemption limit of Rs 5 Lakh u/s 10(10C) , can excess amount over and above 5 lakh we claim relief us 89 (1) . is both the exemption is allowed ? or can claim either 10 (10 C) or 89 (1)?
11 September 2021
Both section 10(10C) and section 89 are mutually exclusive. It means that an individual can only claim either exemption u/s 10(10C) or relief u/s 89.