Salary
This query is : Resolved
15 July 2011
Dear Sir,
what kind of deduction One LIC development officer enjoying in his return. if he received conveyance expenses and allowance to development officers for procuring business can he deduct in his salary income in IT return.
thanks and regards
what kind of deduction One LIC development officer enjoying in his return. if he received conveyance expenses and allowance to development officers for procuring business can he deduct in his salary income in IT return.
thanks and regards
16 July 2011
If he can have a certificate from his Branch/Regional Office that the amount of allowance has been spent towards procuring the business by producing the relevant Fuel Bills and Vouchers, if any, he can claim the same in his return as amount expended for the purpose of the employer.
Generally it is included in the sheet of perquisite sheets ( I think in Form 12BA)and not allowed as deduction in Form 16.
Please have a reading of the following judgement -
https://www.taxpundit.org/ITRPDF/276ITR/276ITR127.pdf
Generally it is included in the sheet of perquisite sheets ( I think in Form 12BA)and not allowed as deduction in Form 16.
Please have a reading of the following judgement -
https://www.taxpundit.org/ITRPDF/276ITR/276ITR127.pdf
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
- House Property Reporting in ITR
- TDS Claim year
- TDS Challan Code
- Relief u/s Section 89
- Rent lease agreement
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- CCFS 2026 Schemed
- Entries in AIS regarding sale of units and shares
- Merchant Export Accounting
- Lease agreement and tax on sale
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
