Menu
Itr 1 u/s 10 14 (i) plz help fy 17-18
I have deduction of conveyance allowance Rs 30,000 u/s 10 14 (i). as a exemption
Replies (5)
Conveyance Allowance (also known as Transport Allowance) is provided by employer to employee for meeting employee transportation cost from residence to workplace. It is exempt upto Rs.19,200 per annum (Rs.1600/month) under Sec 10 of the Income Tax Act.
Please do remember that you can not claim the same at the time of filing your return of income if your employer has not provided you the same.
yes I agree with Sanket
How can i show the amount in which section? plz
If it is showed by employer in form16 as conveyance allowance. you can show in ITR 1 in other allowance column upto 19200(1600*12)
In ITR-1 s.no 27 (d) click on drop down and select 10(14)(ii) [transportation allowance]. Write the amount 19200 in green cell.
If it is other than transport allowance than tell what allowance is it.
Recent Topics :
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
Related Topics :
CAclubindia
