Hey everyone..
I have a querry...
1)What amount of entertainment allowance we will consider while computing salary for rent free accomodation???i mean while including allowance for chargeability of rent free accomodationwhat amount of entertainment allowance we will consider-original entertainment allowance received or actual amount received less standard deduction on entertainment allowance???
2) As per ICAI circular no question will be asked regarding tax audit related to fbt..does this circular also mean that no que including fbt will b asked in income tax exam also or it is applicable only for audit????
Please treat it urgent as i have my nov attempt fo PCE....
Thanx in anticipation...
CAclubindia
