If transport allowance given in Fy is 10000 out of which 9600 is exempt then how this will be shown in from 16.
4 Replies
SIVASIVA
(FCA, Future CA)
(4935 Points)
Replied 06 June 2010
Basically, the detailed workings of the allowable Allowances and Perquisites won't come in the Form 16
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 06 June 2010
agree with Sivasiva
varun gupta
(Senior Accounts Officer)
(89 Points)
Replied 06 June 2010
In form 16 there is one row which says Allowance to the extent exempt under section 10, what about that, what to be shown there. In which row i have to merge taxable and exempted allowance.
Aneesh
(Pursuing CA)
(101 Points)
Replied 07 June 2010
In the Form 16, there is no seperate column for showing the conveyance received but it is shown in the Salary as per provisions of Section 17(1) itself and then the exemption can be claimed
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