Allowances
This query is : Resolved
11 January 2016
Hi all
Apart from the statutory allowances we have other allowances for uniform reimbursement, food & vehicle reimbursement and special and miscellaneous allowances in our salary slip.
My auditor is insisting on collecting the proof only for the investments, HRA and not for the above mentioned allowances.
Please explain if this is right or should we collect the proof for all allowances shown in the salary slip.
Apart from the statutory allowances we have other allowances for uniform reimbursement, food & vehicle reimbursement and special and miscellaneous allowances in our salary slip.
My auditor is insisting on collecting the proof only for the investments, HRA and not for the above mentioned allowances.
Please explain if this is right or should we collect the proof for all allowances shown in the salary slip.
11 January 2016
In case of reimbursements and the allowances against specific expenses then need to collect the bills
11 January 2016
In case of reimbursements and the allowances against specific expenses then need to collect the bills
11 January 2016
In case of reimbursements and the allowances against specific expenses then need to collect the bills
11 January 2016
Thank you Ramesh. Then what about the special and miscellaneous allowance.
What kind of bills can be submitted as proof?
What kind of bills can be submitted as proof?
11 January 2016
Special and miscellaneous allowances are fully taxable
12 January 2016
Hi
Can allowances be upto any amount or is there any limit.?
And is 80ee sec 24 interest on home loan applicable for FY 2015-16.
Can allowances be upto any amount or is there any limit.?
And is 80ee sec 24 interest on home loan applicable for FY 2015-16.
12 January 2016
Allowances are no limit, only exemption on allowances has the limit, 80ee available only to the extent of balance deduction from Ay2015-16
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- LC charges in relation to Asset purchased should be Capitalised ?
- Copyright software
- Value of property in capital gain
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding TDS Applicability For Director Remuneration
- Transporter Declaration form
- Multiple trade mark
- Sale Incentive booking
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
