CAN ANY BODY PLEASE CLARIFY WHETHER READER ALLOWANCE RECEIVED BY VISUALLY HANDICAPPED EMPLOYEE IS TAXABLE UNDER SALARIES ? iF EXEMPTED , PLEASE QUOTE RELEVANT SECTION OR PROVISION !
CAN ANY BODY PLEASE CLARIFY WHETHER READER ALLOWANCE RECEIVED BY VISUALLY HANDICAPPED EMPLOYEE IS TAXABLE UNDER SALARIES ? iF EXEMPTED , PLEASE QUOTE RELEVANT SECTION OR PROVISION !
There is no specific prov for exemption of such an allowance. U can claim the deduction under sec 80 U of the Income Tax Act subject to fulfilment of the conditions specified therein.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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