conveyance
This query is : Resolved
01 October 2009
Hi
I sat till late night for office work.I hired a taxi to come to my home.then claimed it from office.
Please tell me whether it will be taxable or not.
If yes, then under which sec----
If no, then why not
Thanks
I sat till late night for office work.I hired a taxi to come to my home.then claimed it from office.
Please tell me whether it will be taxable or not.
If yes, then under which sec----
If no, then why not
Thanks
01 October 2009
Sec 10(14) states that conveyance received to meet the expenditure on conveyance in performance of your duty is exepmted to the extent it is utilised for the said purpose.
Illus 1.
Conveyance received: Rs 1000
Actual Exp. : Rs 1000
Taxable : NIL
Illus 1.
Conveyance received: Rs 1000
Actual Exp. : Rs 900
Taxable : Rs 100
Regards,
Manish Soni
Illus 1.
Conveyance received: Rs 1000
Actual Exp. : Rs 1000
Taxable : NIL
Illus 1.
Conveyance received: Rs 1000
Actual Exp. : Rs 900
Taxable : Rs 100
Regards,
Manish Soni
02 October 2009
Agreed with Expert
03 October 2009
Agree with expert.
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