Income tax exemption
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 December 2012
One of our employee recd a commission. For Official Tour purpose his pocket expenses made i.e. Travel Tickets & other. Also For his Rented House following expenses done i.e. Furnishing Rs 3to 4 Lacs.
Pl suggest in this case The above expenses eligible for deduction from his Salary Income.
Thanks in advance.
Pl suggest in this case The above expenses eligible for deduction from his Salary Income.
Thanks in advance.
06 December 2012
No, such expenses not eligible for deduction from salary income. Salary income doesn't permit to deduct any type of expenses except those are eligible for exemption as per Income tax act from salary income like deduction of prof.tax, section 10 allowances etc... and section 24(b) deduction(i.e interest on housing loan).
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 December 2012
Thanku very much sir..
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
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding appeal to GSTAT
- Multiple trade mark
- Value of property in capital gain
- Form 121 & TDS deduction
- Copyright software
- LC charges in relation to Asset purchased should be Capitalised ?
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding TDS Applicability For Director Remuneration
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
