Enhanced Leave Encashment Exemption Limit Applies Retroactively Granting Full Exemption to Assessee
Enhanced Leave Encashment Exemption Limit Applies Retroactively Granting Full Exemption to Assessee Issue Whether the enhanced monetary limit of ₹25,00,000 for leave encashment exemption introduced via CBDT Notification No. 31/2023 (dated 24.05.2023) applies to Assessment Year 2021–22, thereby entitling the retired non-government employee to full exemption under Section 10(10AA) of the Income-tax Act, 1961. Facts… Read More »

