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kollipara sundaraiah (B.com)     28 December 2020

House expenses limit(personal drawings)

a individual status i.t.assess limit of minimum house expenses(personal drawings) one finicial year under i.t.act.


 2 Replies

ayusmita

ayusmita (Tax consultant)     28 December 2020

It's different from person to person and calculation for all person is different as per his income and family expenses and his and her family depending again as per his or her contribution again the whole year financial statement
1 Like
Balamurali Unnithan MS

Balamurali Unnithan MS (STUDENT)     28 December 2020

Nothing mentioned in IT Act !

For accepting payments limit of Rs .2lakhs applicable u/s 269ST

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