Question

Allowances of MP/M.L.A / or M.L.C are​

Answer 1

Answer:

Section 10(17) of the Income Tax Act, 1961 (Act) provides exemption to Members of Parliament and State legislators in respect of their daily allowances in entirety. In the case of MPs, the amount received as constituency allowance and in the cases of MLAs, such allowance is exempt from tax from the A.Y.

Explanation:

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