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Director is eligible for transport allowance

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(Querist)
28 May 2018 Hi Guys,

Can company give transport allowance to a whole time director &
The director can claim exemption for such allowance?
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CA Suresh Jain

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CA Suresh Jain (Expert)
28 May 2018 Yes, company can give transport allowance to a director and he shall be eligible for exemption as per Income tax Act/rules
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CA Suresh Jain

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CA Suresh Jain (Expert)
29 May 2018 Please note that w.e.f. AY 2019-20 Transport allowance shall not be exemption ed
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Yash Singhal

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Yash Singhal (Querist)
29 May 2018 Thanks a lot Sir for your suggestion.

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