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Regarding helper allowance under section 10(14)

Tax planning 283 views 1 replies

navyadevi

Final Student

24 Points Joined December 2012

Dear Experts ,

Please help me on the following issues regarding Helper allowance under section 10(14) of Income Tax Act,1961 :

1. The pre-requisites to claim Helper allowance for a director.

2.The amount of Helper allowance which is considered reasonable under Income Tax Act.

Thanks in advance

Replies (1)

CA Srujann kumar Reddy

Asst Manager(Internal audit)

1679 Points Joined May 2011

pre-requisites :

1) that expenditure should be incurred for a helper
2) specifically for performance duties (official)

there is no term called as reasonable depends on the situation, example

a president of a company has a personal helper to take care of his daily appointments etc can be a helper... they can give any amount