Transportation allowance limit for ay 2015-16
This query is : Resolved
Prajakta Potdar
(Querist)
19 September 2014
Respected Sir
Pls. let us know upto which limit transportation allowance is exempted for
FY 2014-15, AY 2015-16.
Interest on F.D. is exempted or not in AY 2015-16.
Any other deduction apart from 80C is available or not?
If Husband is taking deduction of Home Loan, can wife also take dedn for Home Loan for second home purchased by couple?
Pls. let us know upto which limit transportation allowance is exempted for
FY 2014-15, AY 2015-16.
Interest on F.D. is exempted or not in AY 2015-16.
Any other deduction apart from 80C is available or not?
If Husband is taking deduction of Home Loan, can wife also take dedn for Home Loan for second home purchased by couple?
19 September 2014
Transportation allowance is same Rs 800/- per month. Interest on FD is fully taxable under the head Income from Other Sources. Yes deduction can be availed by wife.
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
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- GST on reimbursement of expenses
- Additional trade name
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Equity Share Sale and Purchase
- 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
- How to get money back from delisted company
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
