Nature of receipt - income received towards severance of ...

Severance Pay from Voluntary Job Exit Classified as Non-Taxable Capital Receipt for Individuals.

November 2, 2023

Case Laws Income Tax AT

Nature of receipt - income received towards severance of employment - one time compensation received - severance compensation received by the assessee on voluntary basis towards termination of employment from his employers is a “capital receipt” and, hence, not taxable in the hands of the assessee. - AT

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Nature of receipt - income received towards severance of ...

Severance Pay from Voluntary Job Exit Classified as Non-Taxable Capital Receipt for Individuals.

November 2, 2023

Case Laws Income Tax AT

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