WebbThis Note prescribes the documentary proof required under section 16(2)(f) that must be obtained and retainedby a vendor (or the vendor’s ) agentto substantiate the vendor’s … Webb19 dec. 2015 · In section 16 (Income Tax Act) there are all 3 deductions (two now) Under Section 16, provided in three different clauses. all these three clauses are given below. * Clause A of Section 16 Allows a Standard Deduction, * Clause B of section 16 Allows Deduction For Entertainment Allowance.

Section 16(ii) in The Income- Tax Act, 1995

WebbAnswer Computation of salary of Mr. Kejriwal for the A. 2024- 21 Particulars Basic salary - 40, Dearness allowance - 15, Commission - 10, Entertainment allowance received - 4, … WebbSection 16(ii) in The Income- Tax Act, 1995 (ii) 6 a deduction] in respect of any allowance in the nature of an entertainment allowance specifically granted to the assessee by his … sur ronster face reveal

How to fill Salary Details in ITR 1 and ITR 2 - BankBazaar

WebbAs per section 16 (iii), a deduction of any sum paid by the assessee, on account of a tax on employment, shall be allowed. The deduction will be allowed in the year in which the tax … Webb1 mars 2024 · Every salaried employee whose income falls under the taxable band is eligible for Form 16 according to regulations released by the Indian Government's Finance Ministry. If an employee's income does not fall within the tax rates established, Tax Deducted at Source is not required (TDS). Webb2 okt. 2024 · Input Tax Credit Provisions under Section 16(2) CGST Act, 2024 From 01-10-2024 after considering amendments vide notification 18/2024 – Central Tax dated 28-09 … sur sagar was written by