Is the Risk allowance given to CRPF employees comes under Section 10(14) of Income-tax Act as Counter insurgency allowance for Tax exemption?

As per Section 10(14) of the Income Tax Act, ( 14 ) ( i ) any such special allowance or benefit, not being in the nature of a perquisite wit...

As per Section 10(14) of the Income Tax Act,

(14) (i) any such special allowance or benefit, not being in the nature of a perquisite within the meaning of clause (2) of section 17, specifically granted to meet expenses wholly, necessarily and exclusively incurred in the performance of the duties of an office or employment of profit, as may be prescribed, to the extent to which such expenses are actually incurred for that purpose ;

(ii) any such allowance granted to the assessee either to meet his personal expenses at the place where the duties of his office or employment of profit are ordinarily performed by him or at the place where he ordinarily resides, or to compensate him for the increased cost of living, as may be prescribed and to the extent as may be prescribed :

Provided that nothing in sub-clause (ii) shall apply to any allowance in the nature of personal allowance granted to the assessee to remunerate or compensate him for performing duties of a special nature relating to his office or employment unless such allowance is related to the place of his posting or residence ;”

According to my knowledge, risk allowance is not given for compensating employees for expenditure incurred for performance of duties, so, I don’t think so that it will be exempt u/s 10(14) of the Income Tax Act

COMMENTS

BLOGGER: 4
  1. the information you have updated is very good and useful, please update further.
    if you require any info regarding TAX & GSTR please visit
    Tax consultants in bangalore
    Tax Return Filing in Bangalore

    ReplyDelete
  2. Getting a high-limit credit card is often a matter of having a positive credit history. But no matter where your credit scores fall, some cards might be more likely to give you a high credit limit. Know more about Hitachi Credit

    ReplyDelete
  3. Identifying what you want to do with your wealth is the first vital step to legacy planning. You might have long-term wealth transfer plans or philanthropic goals that will span generations. https://lugenfamilyoffice.com

    ReplyDelete
  4. When it comes to selling merchant services, the landscape can be quite competitive. If you don't have any idea, know How to Sell Merchant Services from here.

    ReplyDelete
हमारे द्वारा दी गयी जानकारी आपको कैसी लगी जरा अपना अनुभव हमारे साथ कृपया करके शेयर करें हम आपके आभारी रहेंगे ......

fresh/recent
Our website uses cookies to enhance your experience. Learn More
Name

Admi Card,2,Allowances,56,APK,3,AYUSHMAN,2,Bank News,3,bonus,5,BUDGET,3,CALCULATOR,4,CAPF,7,CEA,5,CGHS,5,Circular,31,Clarification,11,COMPUTER,1,Computer Trick,4,CPC NEWS,34,DA News,4,DA Order,5,Dearness Allowance,9,DEFENCE,13,Defence/CAPF,2,DOPT Order,2,eFiling Tax,2,Employees,31,Exam,2,Excel Trick,1,Financial Services,1,Flagship Schemes,1,Forms,7,GK BOOK,1,Govt Job,3,GOVT ORDERS,17,HRA,1,I-TAX,34,Increment,1,India GK,3,IRCTC,1,JAVA,1,Leave,2,LEAVE & LTC,11,Letter Format,2,LTC,14,MACP,3,New Portal,1,NEWS,10,NPS,15,Office Memorandum,9,Online Quiz,1,PAY,2,PENSION,3,PFMS,1,Raj Teacher,1,Rajasthan,1,Rajasthan Gk,8,Rules,1,SALARY PACKAGE,1,SOFTWARE,1,TA-DA,6,True or fake,1,Typing Test,1,UPSC,1,YOJNA,2,योजना,3,सामान्य ज्ञान,5,
ltr
item
CGemployee: Is the Risk allowance given to CRPF employees comes under Section 10(14) of Income-tax Act as Counter insurgency allowance for Tax exemption?
Is the Risk allowance given to CRPF employees comes under Section 10(14) of Income-tax Act as Counter insurgency allowance for Tax exemption?
CGemployee
https://www.cgemployee.com/2020/07/is-risk-allowance-given-to-crpf.html
https://www.cgemployee.com/
https://www.cgemployee.com/
https://www.cgemployee.com/2020/07/is-risk-allowance-given-to-crpf.html
true
790558047530216989
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content