Standard deduction
This query is : Resolved
vikas garg
(Querist)
19 January 2019
In last budget standard deduction of 40k introduced in lieu of transport allownace and medical allowance. I am handicap person. Previously transport allownce @3200 pm was exempted. Please clarify that after introduction of standard deduction shall i be able to avail the trnsport allownce exemption now also in addition to standard deduction. Please give me copy of relevant order also. Thanks
Nikhil Kaushik
(Expert)
19 January 2019
Dear Vikas,
This should help you : https://www.taxmann.com/blogpost/2000000361/transport-allowance-of-rs-1600-per-month-is-withdrawn.aspx
This should help you : https://www.taxmann.com/blogpost/2000000361/transport-allowance-of-rs-1600-per-month-is-withdrawn.aspx
Nikhil Kaushik
(Expert)
19 January 2019
also, if you refer the amended Rule 2BB, you will find that entry 10 has been deleted. However, entry 11 applicable for handicapped tax payers has not been deleted
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
- Query on effect of registration of property
- GST on reimbursement of expenses
- Visiting card purchase
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Additional trade name
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Number of years as per AS amortisation of Goodwill
- Equity Share Sale and Purchase
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
