Question
What is the statutory limit u/s 16(ii) for deduction of
entertainment allowance in case of government employee?Solution
As per section 16(ii), Government employees can claim a deduction for entertainment allowance by considering the lowest from the following: 20% of an individual’s basic salary Rs.5,000 Entertainment allowance amount received in the financial year This deduction is not available for individuals working in private firms or any statutory or local authorities.
In July 2020, Prime Minister Narendra Modi inaugurated the new Supreme Court Building of ______Â which was completed with Indian assistance.
In May 2019, The Simbexexercise was heldbetween?
______ bank provides a small business moneyback credit guarantee scheme to its customers?
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Who acted as the President after the death of Fakhruddin Ali Ahmed until a new President was elected?
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A rectangular lawn 60 m X 40 m has two roads each 5 m wide running in the middle of it, one parallel to length and the other parallel to breadth. The co...
Consider the following statements:Â
1)The Indian National Congress was formed in 1885 with A.O. Hume as its first president.
2)The Muslim...
Who was appointed as India’s 28th Controller General of Accounts (CGA) in March 2023?
International Migrants Day is observed on which date?
