Assumption to be made
This query is : Resolved
Niranjan K.V.
(Querist)
29 August 2008
While computing Income from salaries what assumption has to be taken if the question is silent about actual expenditure incurred pertaining to special purpose allowances such as uniform allowance:
a)whole of the allowance received as spent for the purpose and hence fully exempt
or
b)Whole of the allowance received as not spent and hence fully taxable
a)whole of the allowance received as spent for the purpose and hence fully exempt
or
b)Whole of the allowance received as not spent and hence fully taxable
Jatin Jindal
(Expert)
29 August 2008
In my opinion, by giving a proper note you can follow take any assumption.
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