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conveyance exemption
HRA and conveyance allowance which are exempt up to certain limit, portion of exempt allowance is mentioned in form 16, is it require to disclose it in the ITR if yes then under which section? Please guide...
Replies (5)
Only the taxable part is to be disclosed under (ii) 'Allowance not exempt' in salary head.
Thank you sir for your reply, is it necessary to show it in OTHER EXEMPT income?
That will be more perfect declaration.....
The Salary shown in 26AS includes Transportation allowance.
My q is related to ITR-1
1) whether s.no 1 (i+ ii+ iii +iv) should match 26AS total amount paid/credited.
2) whether s.no 18 [TDS1] - income chargeagble under salaries should match 26AS amt paid/credited.
Since amount given in 26AS includes HRA and Transport allowance.
Thank you Dhiraj Sir for your reply...
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