Amended provisions of Sec.10(14).

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... has been substantially recast by the Direct Tax Laws (amendment) Act, 1987. The amended provisions have come into effect from 1.4.1989. 2. Under Section 10(14)(i), any special allowance or benefit, which is not separately taxable as a perquisite u/s.17(2), and which is notified by the Central Government in this regard is entitled to tax exemption. The exemption is allowable only to the extent to .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... er Section 10(14)(ii), any allowance to meet the personal expenditure of an employee at a place where he works or resides or to compensate him for the increased cost of living is exempt. The exemption must be formally notified and it is available accordingly to the extent specified in the notification. 5. One of the allowances notified u/s.10(14)(ii) is in regard to sum granted to an employee wo .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e been given and, in case the evidence is required to be produced, such evidence should be furnished to the assessing authorities. The employers, in turn, will have to indicate in the salary certificate full details of all such special allowances which are paid to the employees, whether claimed to be exempt or not. 7. You may apprise employers of the legal position brought out here so that corre .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X