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About exemption of conveyance allowance

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 June 2014 hello sir,

whether allowance recieved by LIC employee for the development of LIC business is exempt under income tax? if yes then under which section?
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Rupesh Jain

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Rupesh Jain (Expert)
25 June 2014 no there is allowance under the income tax act for exemption.

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