Deduction U/s 10 (14) for Travelling Allowance
This query is : Resolved
27 March 2010
Dear sir,
I want to know that A Director can claim Transport Allowance from all those company in which he is a director.
Is he can enjoy the benefit of the same under section 10 (14) of the I.T Act, 1961?
plz reply
Thanks
Shammi
I want to know that A Director can claim Transport Allowance from all those company in which he is a director.
Is he can enjoy the benefit of the same under section 10 (14) of the I.T Act, 1961?
plz reply
Thanks
Shammi
28 March 2010
A Director employee also covered for claiming exemption for allowance u/s.10(14),so obviously he can claim the transport allowance exemption Rs.800 p.m
30 March 2010
agreed with expert
and continuing that in case director is handicapped exemption would be Rs 1600 pm.
and continuing that in case director is handicapped exemption would be Rs 1600 pm.
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