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Exp. allowed in salary

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(Querist)
10 March 2012 Respected Sir,

Kindly advise whether a D.O. of Life Insurance Company can claim actual expenditure incurred fixed allowed received and conveyance expenses received & Allowance received from LIC for Precurring LIC business. However LIC has not allowed such actual Expenses incurring during the year in Form-16.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
10 March 2012 No expenses are allowed againsy salary income. The Act does not provide deduction for any expense against salary income.
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