Encashment of leave: department treats amounts as taxable salary and directs income tax officers to follow this position. The Department's operative position is that amounts received on encashment of leave salary, whether during service or on retirement, are taxable as part ... Summary
Encashment of leave: department treats amounts as taxable salary and directs income tax officers to follow this position.
The Department's operative position is that amounts received on encashment of leave salary, whether during service or on retirement, are taxable as part of salary income, and Income tax Officers assessing salary cases are instructed to follow this stand pending the reference to the High Court.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
