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HomeDirect TaxIncome Tax Exemption On Compensation Received By BSNL Employees Under its 2019...

Income Tax Exemption On Compensation Received By BSNL Employees Under its 2019 VRS 

Direct Tax

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By Mariya Paliwala
Income Tax Exemption On Compensation Received By BSNL Employees Under its 2019 VRS: ITAT

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The Income Tax Appellate Tribunal (ITAT), Pune Bench has held that compensation received by employees of Bharat Sanchar Nigam Limited (BSNL) under its 2019 Voluntary Retirement Scheme (VRS) constitutes retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income-tax Act. The bench of Dr.Manish Borad (Accountant Member) has observed that the…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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