Tax relief limitation for voluntary retirement payments barred where an exemption has been claimed, effective from April 2010.

A proviso to section 89 prohibits relief for amounts received or receivable on voluntary retirement, termination, or voluntary separation where an exemption for those amounts has been claimed under the specific voluntary retirement exemption provision; this amendment takes effect from 1 April 2010 and applies to the assessment year 2010-11 onwards.

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