Anish is employed in Global Ltd. Which of the following allowances are eligible for exemption for the assessment year 2023-24 when he has opted for section 115BAC of the Income Tax Act, 1961? (i) House Rent allowance (ii
CS Executive · Tax Laws · PYQS · June 2023
Anish is employed in Global Ltd. Which of the following allowances are eligible for exemption for the assessment year 2023-24 when he has opted for section 115BAC of the Income Tax Act, 1961? (i) House Rent allowance (ii) Transport allowance (iii) Conveyance allowance (iv) Children education allowance
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax Act, 1961
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