13 July 2024
i have query regarding allowance received by judges during year end feb 2024. Now my few clients are judges I Could not understand where to show this allowances because it is huge amount like 27 lakh or 30lakhs for each judge.
in form 16 they simply added it in gross salary and deducted tax on it. Now judges are insisting that they want refund because all allowance are exempt
under section 10 is ok but sub section is also required please help
14 July 2024
Notwithstanding anything contained in the Income-tax Act, 1961 (43 of 1961),— (a) the value of rent-free official residence provided to a Judge under sub-section (1) of section 22A or the allowance paid to him under sub-section (2) of that section; (b) the value of the conveyance facilities provided to a Judge under section 22B; (c) the sumptuary allowance provided to a Judge under section 22C; (d) the value of leave travel concession provided to a judge and members of his family, shall not be included in the computation of his income chargeable under the head “Salaries” under section 15 of the Income- tax Act 1961 (43 of 1961).
15 July 2024
They have already included in salary at the time of payment and shown in total amount included allowance in gross deducted 34% tax. Now how to rectify in itr
15 July 2024
yes I have exempt sumptuary allowance every year . But now it includes mobile handset and domestic helper magzine allowance . furniture allowance I know that these allowance are exempt under section 10.But I want to know exact sub section like 10(14) or 10(35) etc
GROSS SALARY U/S 17(1) IS 45 LAKH IN FORM 16
BUT THEY DID NOT SHOW ALLOWANCE INCLUDED IN THIS 45 LAKH SUMPTUARY ALLOWANCE 542000 NEWS PAPER ALLOWANCE 145000 DOMESSTIC ALLOWANCE 245000 MOBILE HANDSEST ALLOWANCE 134000
MY PROBLEM IS I HAVE TO DEDUCT THIS FROM GROSS SALARY AND SHOWN IN RESPECTIVE SECTION THEN ONLY IT WILL GIVE CORRECTED FIGURE OF NET INCOME
CAclubindia
