Deduction u/s 80c
This query is : Resolved
06 August 2014
sir,
my salary contains Rs 18000/- as Food coupons, and i have Rs 25000/- as deduction u/s 80C
i want to know can i claim these food coupons as deduction u/s 80C?
my salary contains Rs 18000/- as Food coupons, and i have Rs 25000/- as deduction u/s 80C
i want to know can i claim these food coupons as deduction u/s 80C?
06 August 2014
no food coupon can not be claimed as deduction.
Message likes :
1 times
06 August 2014
mam,
i have studied that their are some exemption available in food coupons upto Rs 50/- per meal?
i have studied that their are some exemption available in food coupons upto Rs 50/- per meal?
06 August 2014
1. Salary Restructuring Restructuring your salary may not always be possible. But if your company permits, or if you are on good terms with your HR department, restructuring a few components could reduce your tax liability.
1)Opt for food coupons instead of lunch allowances, as they are exempt from tax up to Rs. 50 per meal.
this i have copied from profit.ndtv.com
1)Opt for food coupons instead of lunch allowances, as they are exempt from tax up to Rs. 50 per meal.
this i have copied from profit.ndtv.com
06 August 2014
Food coupons are not covered by 80C
Message likes :
1 times
06 August 2014
Food Coupons cannot be shown for deduction u/s 80C.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
