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m.s. chouhan (owner)     24 July 2022

Leave encashment

i had resign the a private company in  (ie 20th june 2020)  financial year 2020-21 and get the gratuity and leave encashment  and taken the exemption of both in ITR filled for the concerned year as per IT law.

But in the next year   (i.e november 2021) in again join the same company and getting salary, so i want to know is there may any problem in income tax while filling the ITR of fy 2021-22 regarding the exemption taken of leave encashment in last year.  



Learning

 2 Replies

Dr J C Vashista (Advocate)     25 July 2022

I think it is a fresh appointment, which entitle you for deduction of IT.

It is better to seek advise of your chartered accountant.

P. Venu (Advocate)     31 July 2022

There need not be any problem if the appointment could be shown to be a fresh one.


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