Composite transfer grant of central government employees is taxable or not. And under which section it is mentioned
2 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(6254 Points)
Replied 29 January 2025
Conditions for Exemption To qualify for exemption, the following conditions must be met:
1. The transfer grant must be received by a Central Government employee.
3. The grant must not exceed the actual expenditure incurred by the employee. Circulars and Notifications The exemption is also clarified in various circulars and notifications issued by the Central Board of Direct Taxes (CBDT), including: -
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