there is a couple having 4 children having education & hostel allowance in their salary
can they claim these allowances in respect of 2 children per person in their respective returns.
3 Replies
CA. Vineet Grover
(Chartered Accountant)
(1538 Points)
Replied 06 November 2007
good joke .....
there is no restriction on the allowances ...
the same depends on their salary structure ..
but the deduction shall be restricted to Rs.100 per month per child upto a max of 2 children - for children education allowance and Rs.300 per month per child upto a max of 2 children for children hostel allowance.
Dayal
(Gen. Manager - Indirect Taxation)
(3434 Points)
Replied 06 November 2007
What vineet has stated is as per the standard set for claiming deductions
Recent Topics
- Excess claim and paid with DRC03
- Upload of qualified audit report on MCA portal
- Form 26QB on multiple installment
- Is Offering Group Health Insurance Worth It for Sm
- Export of services documents
- AOC4 & CFS,STANDALONE separately
- Gratuity Trust for IT company
- Rule 86B on utilisation of ITC
- GST Notice U/S46
- Download of list of eWay bill of inward supply
Related Threads
Trending Online Classes
-
6 days Certification Course on GST Practical Return Filing Process
CA Pratibha Goyal16 December 2024
CAclubindia
