https://www.taxtmi.com/manuals?id=1106 Expenditure incurred by way of payment to an employee in connection with voluntary retirement is eligible for amortised deduction over five successive tax years, beginning with the tax year in which the payment is made. The deduction is allowed in equal instalments and no deduction is available under any other provision in respect of the same expenditure. Where a specified business reorganisation occurs before completion of the amortisation period, the successor entity continues the deduction, while the predecessor entity is denied deduction for the reorganisation year. en-us Tue, 15 Sep 2015 10:53:00 +0530 Fri, 24 Apr 2026 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1106 Expenditure incurred by way of payment to an employee in connection with voluntary retirement is eligible for amortised deduction over five successive tax years, beginning with the tax year in which the payment is made. The deduction is allowed in equal instalments and no deduction is available under any other provision in respect of the same expenditure. Where a specified business reorganisation occurs before completion of the amortisation period, the successor entity continues the deduction, while the predecessor entity is denied deduction for the reorganisation year. Manuals Income Tax Tue, 15 Sep 2015 10:53:00 +0530 https://www.taxtmi.com/manuals?id=1106