TAXABILITY OF VRS
This query is : Resolved
10 August 2010
ASSESSEE RECEIVED VRS FROM EMPLOYER AND AFTER RECEIVING THE SAME THE COMPANY IS CLOSED DOWN.WHETHER VRS RECEIVED WILL BE TAXABLE OR NOT
10 August 2010
VRS will be taxable subject to an exemption of Rs. 5 lakh as per Sec 10(10C).
Exemption cannot be denied only because the company has closed down after offering VRS to employees.
Exemption cannot be denied only because the company has closed down after offering VRS to employees.
10 August 2010
Exempt u/s 10(10C) upto Rs. 5 lakhs.
TDS must already must have been deducted on payment if above Rs. 5 lakhs.
TDS must already must have been deducted on payment if above Rs. 5 lakhs.
10 August 2010
Assessee can clain relief u/s 89 or exemption u/s 10(10C) whichever is beneficial.
10 August 2010
agreed to all experts
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?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- 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.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
