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Exemption u/s 10(14) of Income Tax Act: Certificate from LIC Needed for Special Allowances and Incentive Bonus.

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Full Text of the Document

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....Special allowance or benefit, not being in the nature of a perquisite - Exemption u/s 10(14) - Atleast the assessee should have filed a certificate from the LIC for determining expenses possibly to be incurred by him for the purpose of procuring LIC business and earning incentive bonus.....

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