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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

TDS u/s 192 - exemption towards leave encashment - There is no ...

Case Laws     Income Tax

February 15, 2019

TDS u/s 192 - exemption towards leave encashment - There is no reason for them to think that its estimate of employee’s income under the head “Salaries” was incorrect as the belief it entertained was that its employees were to be regarded as employees of State Government and that its employees are entitled to exemption of the entire sum of unutilized leave encashment u/s.10(10AA)(i).

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