Transport Allownance / Additional Illustration 1

Direct Taxation

If He Doesnâ??t Opt for Section 115BAC There is An 1600Rs Per Month Exemption In This Solution Madam Doesnâ??t Claimed It Total Entire 1800Rs Per Month Is Allowed As Allowance

Shanmukh Vemuri

CMA Final

★ 5

10-Mar-22 12:17

530

Answers (5)

Best Answer

Thread Starter

Shanmukh Vemuri

1600 Per Month Per Normal Person Then What Is This Called Sir . In the Given Question 1800 Per Month Is Given As Transport Allowance . (1800-1600)12 is Answer I Think So Sir

The deduction is no longer available

CA Suraj Lakhotia

Admin

10-Mar-22 12:41

If He Doesnot Opt for Section 115BAC There is an exemption of 1600 Per Month , In The Solution Madam Doesnot Claimed It Total Entire 1800 per month is Allowed As Allowance .

Thread Starter

Shanmukh Vemuri

CMA Final

★ 5

10-Mar-22 12:20

Transport allowance deduction is not available

CA Suraj Lakhotia

Admin

10-Mar-22 12:28

CA Suraj Lakhotia Admin

Transport allowance deduction is not available

1600 Per Month Per Normal Person Then What Is This Called Sir . In the Given Question 1800 Per Month Is Given As Transport Allowance . (1800-1600)12 is Answer I Think So Sir

Thread Starter

Shanmukh Vemuri

CMA Final

★ 5

10-Mar-22 12:32

Illustration 1 If He Does Not Opt For Provisions of Section 115BAC

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Thread Starter

Shanmukh Vemuri

CMA Final

★ 5

10-Mar-22 12:39