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Receipt from Employee welfare fund
If any assesse at the time of retirement receives amount from Employee welfare fund then whether it will be taxable or exempt?
Replies (3)
Exempt subject to such conditions as applicable to the relevant welfare funds.
Thank you sir for your reply can you please tell me under which it will be exempt?because I need to disclose it in the ITR 1...please guide... Waiting for your reply...
It depends upon the fund. What is the name of the welfare fund? Pl be specify and elaborate
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