Fuel Reimbursement.
This query is : Resolved
05 August 2008
Dear Sir,
As a part of my salary i am getting fuel reimbursement from my company. I have submitted my RC copy to my company. But now they want the insurance copy also. I checked with some my friends and learnt that you dont need to give insurance copy for the purpose of fuel reimbursement.
Can you let me know whether it is mandatory to submit the insurance copy. Is there any law in income tax or fringe benefit act which states this.
Regards,
Arun
As a part of my salary i am getting fuel reimbursement from my company. I have submitted my RC copy to my company. But now they want the insurance copy also. I checked with some my friends and learnt that you dont need to give insurance copy for the purpose of fuel reimbursement.
Can you let me know whether it is mandatory to submit the insurance copy. Is there any law in income tax or fringe benefit act which states this.
Regards,
Arun
05 August 2008
in fbt insurance premium is not taken for tax purpose it is not added in fbt so why co.want insurance copy from you you will show the same to higher authorities they want to know the vehical ih in your name or not
05 August 2008
Dear Sir,
I wanted to take this to my accounts department so can you provide me with some references.
Regards,
Arun
I wanted to take this to my accounts department so can you provide me with some references.
Regards,
Arun
06 August 2008
As u already submitted the RC copy to your comapany, there is no need to submit the insurnace copy.
06 August 2008
If the company have the policy for this, then you have to submit this, because some of companies have internal policy for vehicle reimburssment. Ask for the same.
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 Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- RCM - commercial rent paid to URP under GST
- Gst Sales of FY 2023-24
- Payable outstanding for years disallowance
- GST Annual Returns filing due date
- Offsetting interest income against derivative trading losses
- SEC 54 OF IT ACT
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
