Conveyance allowance exempt under new tax regime u/s.10(14)
This query is : Resolved
15 July 2021
Conveyance allowance exempt under new tax regime u/s.10(14) of IT for the F.Y.2020-2021. If exempt, up to which extent. Please clarify anybody.
15 July 2021
Yes exempt under new regime per rule 2BB (3)
15 July 2021
Conveyance allowance (business related) is exempt to the extent of actual expense.
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