Web5 jul. 2024 · Special allowance prescribed as exempt under section 10 (14) When exemption depends upon actual expenditure by the employee – The following allowances are … Web13 apr. 2024 · Section 192 of Income Tax Act talks about the tax deduction at the source of salary. The person who pays the salary is responsible to deduct TDS at the time of …
How to File the Income Tax Return of a Salaried Person in 2024
Web9 apr. 2024 · Time Limit to conclude proceedings after issuing notice u/s 148 of Income Tax Act, 1961. 1. Within 9 months from end of Financial Year in which notice u/s 148 was served (if served before 01/04/2024). 2. Within 12 months from end of Financial Year in which notice u/s 148 was served (if served after 01/04/2024). Tags: Section 148. Web31[Prescribed allowances for the purposes of clause (14) of section 10. 2BB. (1) For the purposes of sub-clause (i) of clause (14) of section 10, prescribed allowances, by … panic cbt questionnaire
Vehicle Maintenance (petrol/maint. Bills) (Sec 10 (14))
WebSection 10 of the Income Tax Act aims at putting forward all the exemptions a salaried professional can get while paying income tax. While this section hardly includes the … Web11 jun. 2024 · 1. Children Education Allowances: Under section 10 (14) up to Rs. 100 per month per child up to a maximum of 2 children is exempted. 2. Hostel Expenditure Allowances: Similar to children education allowances, if you are paying for hostel fees then you can claim Rs 300 per month per child tax exemption, which can go maximum up to 2 … Web10 apr. 2024 · the deduction under Section 80-IB of the Income Tax Act, 1961 (hereinafter referred to as “Act, 1961”) ... 317 ITR 218 (SC) can be said to be per incuriam and allowed the deductions as claimed on the receipts of amount under DEPB Scheme and Duty Drawback Scheme. ... CIVIL APPEAL NO. 4822 OF 2024 Page 14 of 36. 7. settles hill banquet altamont ny