Is relief u/s 89 applicable in case of leave encashement recieved by govt. employee during his service.
If applicable, then how can we claim such relief?
imran mian (Self Occupied) (42 Points)
27 February 2016Is relief u/s 89 applicable in case of leave encashement recieved by govt. employee during his service.
If applicable, then how can we claim such relief?
Nishant Singla
(Chartered Accountant)
(31 Points)
Replied 27 February 2016
Yes, Leave Encashment is a part of salary as defined u/s 17(va).. and Section 89 applies to salaryt recived in advance or arrear.
Manner of Calculating relief is given under rule 21A of the Income Tax Rules. Pls go through
Nishant Singla
(Chartered Accountant)
(31 Points)
Replied 27 February 2016
Yes, Leave Encashment is a part of salary as defined u/s 17(va).. and Section 89 applies to salaryt recived in advance or arrear.
Manner of Calculating relief is given under rule 21A of the Income Tax Rules. Pls go through
Prateek
(Partner)
(143 Points)
Replied 27 February 2016
Yes relief u/s 89(1) can be taken for leave encashment. For procedure to know how to calculated relief please click here
CA AMIT SOMANI
(Proprietor)
(38 Points)
Replied 29 February 2016
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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