⚠️ DON’T CLAIM AN ALLOWANCE YOU NEVER RECEIVED - SEC 10(14)

-

⚠️ DON’T CLAIM AN ALLOWANCE YOU NEVER RECEIVED

Section 10(14) exemption is not something you can simply create while filing your ITR.

Allowances such as Conveyance, Tour/Transfer and Daily Allowance must actually be granted for the prescribed purpose and satisfy the applicable conditions.

🚫 Not received / not granted by employer? Don’t create & claim it in your ITR.

A false or unsupported claim can result in additional tax, interest and penalty.

Claim only what you are actually eligible for and can support with proper records.



Comments

Post a Comment

Popular posts from this blog

ACCOUNTING SERVICES

-
Image
Professional Book-keeping services Payroll Management Stock Management Financial Statement Preparation  Management Consulting Financial Analysis Bank Reconciliation Day Book Management Create Invoices and Bills
Read more

FCS

-
Image
Welcome to FCS! We are dedicated to strengthening your financial and tax knowledge and providing comprehensive accounting, financial, and tax services for both individuals and businesses.
Read more

Services for Individuals and Businesses

-
Image
FSSAI- Food License Registration MSME- Udyam Aadhar Registration PAN & TAN Apply Trademark, Copyright, and Patent Registration Project Report Preparation Trust Deed Preparation and Trust Registration  Partnership Deed Preparation and Partnership Firm Registration Registration of 12A and 80G Certificate Registration of Shop Establishment Certificate Any Other Related Service
Read more