https://www.taxtmi.com/manuals?id=2596 Compensation or other payment received or due in connection with termination of employment, or modification of employment terms, is taxable as income from other sources under the residuary charging provision. The clause applies broadly to amounts by whatever name called and operates on receipt or accrual, whichever is earlier. It also covers payments made by a third party and extends to amounts received by a legal heir or nominee. en-us Fri, 07 Apr 2023 17:24:00 +0530 Fri, 08 May 2026 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2596 Compensation or other payment received or due in connection with termination of employment, or modification of employment terms, is taxable as income from other sources under the residuary charging provision. The clause applies broadly to amounts by whatever name called and operates on receipt or accrual, whichever is earlier. It also covers payments made by a third party and extends to amounts received by a legal heir or nominee. Manuals Income Tax Fri, 07 Apr 2023 17:24:00 +0530 https://www.taxtmi.com/manuals?id=2596