Gratuity Amendment Act has no retro-effect; no exemption u/s 10 if enhanced gratuity received before 24-5-10

INCOME TAX : Payment of Gratuity Act was amended by Central Act No. 15 of 2010 which received assent of President on 17-5-2010. In terms of sub-section (2) of section 1 of Amending Act, a Notification was issued by Government of India on 24-5-2010 appointing said date as date on which Amending Act came into forceINCOME TAX : Payment of Gratuity Act was amended by Central Act No. 15 of 2010 which received assent of President on 17-5-2010. In terms of sub-section (2) of section 1 of Amending Act, a Notification was issued by Government of India on 24-5-2010 appointing said date as date on which Amending Act came into forcewww.taxmann.com Latest Case LawsRead More

Leave a Reply