A COMPANY IS IN THE PROCESS OF MERGER AND EMPLOYEES ARE GETTING LEAVE ENCASHMENT, I WANTED TO KNOW WHETHER IT IS TAXABLE IN THE HANDS OF EMPLOYEE? IF SO TILL WHAT AMOUNT EXEMPTION IS AVAILABLE ?
THANKS IN ADVANCE
A COMPANY IS IN THE PROCESS OF MERGER AND EMPLOYEES ARE GETTING LEAVE ENCASHMENT, I WANTED TO KNOW WHETHER IT IS TAXABLE IN THE HANDS OF EMPLOYEE? IF SO TILL WHAT AMOUNT EXEMPTION IS AVAILABLE ?
THANKS IN ADVANCE
CAclubindia
