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June 17, 2024by Safique IdrisiGovernment Update

Tax Treatment of Lump Sum Settlement Payments Following Employment Termination, Without Further Obligation from Employer.

Case Study: Rahul’s Tax Troubles After Termination: Introduction: Mr. Rahul, a dedicated employee at INX Media, faced unexpected challenges after being terminated from his position. His subsequent receipt of a lump sum amount and a new car led to legal complexities with the Income Tax Department.   Rahul worked diligently at INX Media for several years before his sudden...
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