Deduction of conveynce
This query is : Resolved
23 July 2012
I am salaries person my company pay me as basic only there is no separate conveyance
Than should I take deduction of Rs.800.00 p.m. while filling my it return
Than should I take deduction of Rs.800.00 p.m. while filling my it return
CMA Ramesh Krishnan
(Expert)
23 July 2012
No. for any allowance getting exemption, the allowance should be in part of your salary. other wise the question of taxable or exemption will nor arise. so you cannot claim Rs.800 exemption on transport allowance
CA Manikandan.A.V
(Expert)
23 July 2012
you can ask your company to structure your salary in such a way that you will get exeption for such allowances.
Transport allowance : Rs. 800 pm
HRA (if you are paying rent)
Children education allowance / Hostel allowance etc..
Transport allowance : Rs. 800 pm
HRA (if you are paying rent)
Children education allowance / Hostel allowance etc..
SANYAM ARORA
(Expert)
24 July 2012
Agreed with Mnikandan Sir
CA BHARATH KUMAR
(Expert)
25 July 2012
not possible because in form 16 it should be there
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