Mr.

AAFM GLO_CWM_LVL_1 Question Answer

Mr.Dinesh is transferred to Delhi and is paid a shifting allowance of Rs.20000 by his employers out of which he spends Rs.18000 for shifting his family and personal effects. Which of the following is true?

The whole of Rs.20,000 is exempt as a casual receipt

The whole of Rs.20,000 is exempt under section 10(14)

Rs.18,000 is exempt from tax under Section 10(14)

Rs.18,000 is exempt as a casual receipt

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