24 December 2016
X,an employer of the central government receives RS 8,90,000 ,as cash equivalent of earned leave to his credit at the time of his retirement on aug 31,2016.He joins a pvt sector on oct 1,2016.The assessing officer is of the view that since X has joined a pvt sector,the amt of earned leave received by him is fully taxable.Do you agree with him?
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