Apr 9, 2018

No Transport Allowance Rs. 1600 per Month- Income Tax Third Amendment

In exercise of the powers conferred by section 295, read with sub-clause (ii) of clause (14) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-

(1) Short title, Commencement and application. – These rules may be called the Income-tax (Third Amendment) Rules, 2018.

(2) They shall come into force on the 1st day of April, 2019 and shall apply to the assessment year 2019-2020 and subsequent assessment years.

2. In the Income-tax Rules, 1962, in rule 2BB, in sub-rule (2), in the Table, against serial number 10, the entries under columns (2) to (4) shall be omitted;

 [Notification No. 17/2018/F. No.370142/02/2018-TPL]
PRAVIN RAWAL, Dir. (TPL-II) 

46[10.    Transport allowance granted to an employee 47[other than an employee referred to in serial number 11] to meet his expenditure for the purpose of commuting between the place of his residence and the place of his duty              
Whole of India     
47a[Rs.1600 per month]]
 

Tags-transport allowance,no transport allowance,transport allowance withdrawn,income tax rule 2bb transport allowance,income tax rule 2bb,rule 2bb transport allowance,transport allowance rs. 1600,1600 transport allowance rule,transport allowance,no transport allowance,transport allowance withdrawn,income tax rule 2bb transport allowance,income tax rule 2bb,rule 2bb transport allowance,transport allowance rs. 1600,1600 transport allowance rule,transport allowance,no transport allowance,transport allowance withdrawn,income tax rule 2bb transport allowance,income tax rule 2bb,rule 2bb transport allowance,transport allowance rs. 1600,1600 transport allowance rule

No comments:

Post a Comment