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Income Tax - Highlights / Catch Notes

Home Highlights May 2020 Year 2020 This

Deduction u/s. 10(10C) - VRS (Exit Option Scheme) - Employer has ...

Income Tax

May 1, 2020

Deduction u/s. 10(10C) - VRS (Exit Option Scheme) - Employer has deducted tax at source u/s. 192 of the I.T. Act on ex-gratia amount received and the employer has not vouched that the conditions mentioned under Rule 2BA has been cumulatively satisfied. Thus the assessee is not entitled to the benefit of exemption u/s.10(10C)

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