ABHIJIT BANERJI (JOINT GENERAL MANAGER) (23 Points)
16 August 2018I work for a PSU and I have to choose perks to be given by my PSU which is 32.5% of the Basic. I have a choice between CONVEYANCE ALLOWANCE and VEHICLE MAINTENANCE ALLOWANCE both at 4% each. Which shall I choose to get Tax Exemption for the Financial year 2018-2019.
Pratik Surve
(Assistant Professor )
(571 Points)
Replied 16 August 2018
YOU WILL GET EXEMPTION FOR CONVEYANCE ALLOWANCE AS PER IT ACT AND AS PER RULE OF AMOUNT RECEIVED OR SPENT WHICHEVER IS LOWER WILL BE EXEMPT U/S 10(14)
customersservice
(zdfasd)
(24 Points)
Replied 17 August 2018
ABHIJIT BANERJI
(JOINT GENERAL MANAGER)
(23 Points)
Replied 18 August 2018
DOES THAT MEAN I HAVE TO SHOW THEM RECEIPTS TO CLAIM IT EXEMPTION? CAN I SHOW THEM RECEIPTS OF PETROL USED IN MY PERSONAL CAR FOR THIS PURPOSE?
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
