Restore 10(10C)(VRS) and 89(1)(arrears) under Direct Tax Code :ICAI suggestion

Posted: 16 Jan 2011 05:27 AM PST

Clause/reference No.in DTC : Income from Employment Sub. of the clause:Income from Employment Provisions as per existing section :Section :10(10C) & 89(1) Provisions as per Direct Taxes Code Bill, 2010:There is no provision in respect of amount received under the Voluntary Retirement Scheme. Further, no relaxation is also given for the relief equivalent to the relief...

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