For an employee in receipt of hostel expenditure allowance for his three children, the maximum annual allowance exempt under section 10(14) is

Related MCQs

• Children Education allowance is exempted for ______ child/ children.
• Mr. DS during the previous year 2018-19 made a payment outside India to a nonresident on which TDS was not paid upto time allowed under section 200. However, such TDS was deducted and paid on 30th September 2019. When shall deduction of this expenditure be allowed to assessee?
• The death-cum-retirement gratuity received by the Government Employee or employee of local authority is _______________.
• The house rent allowance (HRA) under the salary head of Income Tax Act is given by_____________.
• An auditor is liable for his annual audit of accounts o:
• Deduction from annual value is allowed under ______________.
• The entertainment allowance is applicable to_______________.
• An assessee incurred expense of tax on non monetary perquisites of employees. Such expenditure shall be considered as:
• Contribution was made by PFI towards Credit Guarantee Fund Trust. Such expenditure shall be considered as:
• An assessee incurred a sum of Rs.1,10,000 for alteration of the memorandum and articles of association. Such expenditure shall be considered as: