Relief u/s 89
priyadharshini priya (38 Points)
18 July 2019
A person received severance pay but it is not reflected in form 16 is he eligible to get relief u/s89. pls clarify.
5 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182030 Points)
Replied 18 July 2019
No. No relief is available now, it is assessed u/h. IFOS.
priyadharshini priya
(38 Points)
Replied 20 July 2019
sir thanks for your response, but then what Rule 21a(c) talks about. please clarify
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182030 Points)
Replied 20 July 2019
Technically, the severance payment is not considered as Salary, while the rule is for income under salary head.
priyadharshini priya
(38 Points)
Replied 20 July 2019
it states if a person serves more than 3 years & terminated from company - then what are the income should be considered under this please clarify. Thanks
priyadharshini priya
(38 Points)
Replied 21 July 2019
sir, how should we treat it, whether capital receipt or relief or it is entirely taxable please advise. Thank you.
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