Conveyance allowance
This query is : Resolved
02 July 2013
gross salary include rs 39560 as conveyance allowance whichis exempt u/s10 and in form 26AS it is included in amount credited to employee i.e. in 26AS gross salary is shown. and in form16, conveyance allowance has been shown as deuction and net salary is taxable. so in efiling excel utility ITR 1 it is written that itr 1 is not applicable when exempt income is in excess od rs5000. so now which ITR form is apply and what salry income to show in efiling i.e salary net of conveyance allowance or including conveyance allowance because in 26AS it is include in amount credited but shown as deduction in form16. if i show without deduction then it will match with amount in 26AS and tax liablty will arise but onveyance allowance is exempt and if show net od conveyance allowance then it will not match with amount shown in 26AS and depatt will send demand notice what to do
07 July 2013
Salary case, can be file ITR-1
Income show as taxable salary income only
Income show as taxable salary income only
07 July 2013
You should file ITR1 for as salary income.
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
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Section 50-fixed asset-->building ceases to exist
- Regarding Applicability of Tax Audit u/s 44AB
- Consolidated financials
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
CAclubindia
