i found one query during my audit i m artical
judge of suprem court his HRA is 6000
whethr his HRA is exempted or not???
and if it is exempted than under which sec/????
Kindly help me out...
Name :- Prashant Bhatt
mob no:- 8000689707
1 Replies
Ashok J
(CA Final)
(61 Points)
Replied 09 September 2012
Exemption u/s 10(13A) is least of the following:
1. Actual amount received
2. 50% of Salary (basic,DA) in case of delhi, mumbai,calcutta and chennai, 40% in other cities.
3. Rent paid less 10% of salary (basic,DA) due for the relevant period
PLZ note since he is a public servant, i think he enjoys exemption under some other law.......
Recent Topics
- CGST/SGST Input tax Classification in Tally Prime
- PREFERENCE SHARES - NBFC
- Vivad se vishwas scheme 2024
- List of banks for tax payments available at e-Pay
- Excess itc claimed then intrest applicable even if
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
- Top Highest Tax-Paying Celebrities: FY 2023-24
Related Threads
CAclubindia
