Leave Encashment Exemption
This query is : Resolved
17 October 2008
If an employee leave a company after due resignation & he have balance leave in his account & eligible for leave encashment, whether the company can pay him the Leave encashment availing the exemption under section 10AA?
From reading of section 10 AA it seems that exemption available only at the time of Retirement. Please guide.
From reading of section 10 AA it seems that exemption available only at the time of Retirement. Please guide.
17 October 2008
The leave encashment otherwise than on retirement is taxable.
17 October 2008
u have read rightly
18 October 2008
But now what should we do with the employee?
Should we give him exemption or not?
Should we give him exemption or not?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
