Laws / Income Tax Law / 2(50)
2(50) - profits in lieu of salary
2(50) "profits in lieu of salary" includes-
(a) the amount of compensation due to, or received by, an Assessee from his employer at, or in connection with, the termination of, or the modification of any terms and conditions relating to, his employment; and
(b) any payment due to, or received by, a...
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