CAN ANY BODY PLEASE CLARIFY WHETHER READER ALLOWANCE RECEIVED BY VISUALLY HANDICAPPED EMPLOYEE IS TAXABLE UNDER SALARIES ? iF EXEMPTED , PLEASE QUOTE RELEVANT SECTION OR PROVISION !
1 Replies
CA. Atindra A. Prabhu Bhatikar
(practising CA)
(68 Points)
Replied 18 June 2008
There is no specific prov for exemption of such an allowance. U can claim the deduction under sec 80 U of the Income Tax Act subject to fulfilment of the conditions specified therein.
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