Allowances not exempt
Anand Singh Bhandari (57 Points)
27 June 2018
Which allowances comes under 'Allowances not exempt' in ITR1
Anand Singh Bhandari (57 Points)
27 June 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170103 Points)
Replied 27 June 2018
Any additional payment/facility/perquisite, whatever be its name, given/paid by employer to its employee, over and above basic salary + DA; and which is not exempt under any section/s (e.g. 10, 17) of IT act, or given over the exemption limit specified under the section.... are 'Allowance not exempt' in ITR......
suresh kumar garg
(accountant)
(111 Points)
Replied 27 June 2018
Anand Singh Bhandari
(57 Points)
Replied 27 June 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170103 Points)
Replied 27 June 2018
| Originally posted by : suresh kumar garg | ||
 |
Sir, is DA is a part of basic pay or come under allwances not exempted.Please clear it. |  |
It should be included under 'Allowances not exempted'.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170103 Points)
Replied 27 June 2018
| Originally posted by : Anand Singh Bhandari | ||
|
whether exempt allowance will include allowances partly taxable like HRA,TPT . pl inform | |
Not in .............
| 7 | Allowances exempt under section 10 (Not to be included in 6 above) | |||
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170103 Points)
Replied 27 June 2018
| Originally posted by : Anand Singh Bhandari | ||
|
whether exempt allowance will include allowances partly taxable like HRA,TPT . pl inform | |
No.....
But the part which is taxable is to be included under 'Allowance not Exempted'
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
