Allowances in it returns
This query is : Resolved
25 July 2012
Dear Sir,
Managing Director is drawing 1200000/- as remuneration per anum upto now we are showing deductions as Dress allowance @ 2000/- per month, Conveyance @ 3000/- per month, Books & Periodicals @ 1000/- per month and Transport allowance 9600/- per anum is there any other allowances can be calimed in the IT Returns please Suggest
Managing Director is drawing 1200000/- as remuneration per anum upto now we are showing deductions as Dress allowance @ 2000/- per month, Conveyance @ 3000/- per month, Books & Periodicals @ 1000/- per month and Transport allowance 9600/- per anum is there any other allowances can be calimed in the IT Returns please Suggest
25 July 2012
Allowances need to be claimed based on your Salary structure only. please look in to the salary structure and check the taxability of the same. you cannot decide that in ITR
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
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Dep. as per companies act
- Applicability of GST on Salary Reimbursement Component
- Tds on commission charges
- Minimum tax payable to file Updated return
- FAST-DS Scheme - Foreign Assets
- Renovation exp. in flat by family member
- CHECK RELATED
- Change Of Karta In Case of Death
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- TDS Challan - change of FY 2025-26 to TY 2026-27
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
