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Copyright Chicago Mercantile Exchange, Inc All rights reserved Page 2 of 52 520 TRADING CONFINED TO. Allowance: means Fixed amount of money , other substance given monthly in addition to salary to meet the particular type of expenditure Treatment Allowances are
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Consideration in contract law is simply the exchange of one thing of value for is one of the six elements that must be present for a. Further Complete list of taxable and non taxable allowances has not been provided under the Income Tax Act or Rules We can divide the allowances under three categories.