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Leave Encashment for Department of Telecommunication Employees: 100% Exemption u/s 10(10AA)(i), Calculate Remainder via 10(10AA)(ii.
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....Exemption of leave encashment u/s 10(10AA)(ii) - AO directed to allow 100% exemption of leave encashment received on account of employment with Department of telecommunication u/s 10(10AA)(i) of the Act whereas for remaining amount the AO is directed to calculate the exemption u/s 10(10AA)(ii) - AT....
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TaxTMI