16 September 2016
I have confusing among SEC 10, which is regarding allowance. Mine problem is in House rent allowance( HRA) and other allowance which are notifying, way which we follow steps for exemption in calculating tax as in HRA we follow least point which given in respective provision on other side in notify allowance we opt 2 way that is ACTUAL RECEIVE AND ACTUAL RECEIVE - EXPENSES. On this topic i confused why we cant opt notyfing procedure as in HRA. Plz any one suggest me.
16 September 2016
what is the query? HRA, they have given the conditions, so also for other sections....what is your exact difficulty, I am not able to understand. Can you please elaborate?
18 September 2016
Mine difficulty is , what is logic behind calculating HRA???...WHY we cant follow same way as pescribed in Sec10 of notifying allowance??
CAclubindia
