Conveyance allowance
This query is : Resolved
31 December 2014
Limit of conveyance allowance
what record to be maintain
In my case conveyance allowance given Rs.2000/- pm
reply on urgent
what record to be maintain
In my case conveyance allowance given Rs.2000/- pm
reply on urgent
31 December 2014
http://incometaxmanagement.com/Pages/TAX-Planning/Salary-Perquisites/11-Conveyance-And-Transport-Allowances-Are-Completely-Exempted-From-Tax.html
refer this link
refer this link
31 December 2014
www.moneycontrol.com/tax/.../whatallowanceswhich-allowancesexempt
you can see the link
you can see the link
31 December 2014
Sir in my case we have give extra convyane to my employee 1200 X 12=14400.00 (as exemption limit is 800/- pm)
now auditor will disallowed 14400.00 but employee has file return with conveyance allownce 2000 X 12=24000.00
employer has to pay tax on disallowed expenses?
what will happen in employee case? he is also liable to pay tax? revised return
now auditor will disallowed 14400.00 but employee has file return with conveyance allownce 2000 X 12=24000.00
employer has to pay tax on disallowed expenses?
what will happen in employee case? he is also liable to pay tax? revised return
31 December 2014
Sir in my case we have give extra convyane to my employee 1200 X 12=14400.00 (as exemption limit is 800/- pm) now auditor will disallowed 14400.00 but employee has file return with conveyance allownce 2000 X 12=24000.00 employer has to pay tax on disallowed expenses? what will happen in employee case? he is also liable to pay tax? revised return
Guest
Guest
(Expert)
31 December 2014
Why auditor will disallow the extra conveyance?? Company can give the allowance according to his agreement with employee..Only he is required to deduct TDS after 800/pm considering the part of the salary..And if employer had not deducted the TDS then employee should pay the tax considering the same.
Guest
Guest
(Expert)
31 December 2014
It differs from employee to employee..Depends on their rest of the income.Under which slab they are coming.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
