₹39.96 lakh BSNL VRS payout gets full tax exemption from ITAT; here's what the ruling means
· livemint.com
A retired BSNL employee won full tax relief on a ₹39.96 lakh VRS payout after the ITAT ruled it was retrenchment compensation. The tribunal said the benefit under Section 10(10B) applies based on the specific facts of the BSNL VRS-2019 scheme.
A retired Bharat Sanchar Nigam Ltd (BSNL) employee has secured complete tax relief on a ₹39.96 lakh voluntary retirement payout after the Chennai bench of the...