motor cycle allowance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 September 2010
Sir
I am a employee in government office .I recived 4200.00 motor cycle allowance per year include my salary . This allowance are exempt income tax act u\s 10(14)(i) but the I.T.O. are levy tax this allowance .He asked it is a taxable allowance i confuse please help me and give me answer that it is a taxable or exempt .
I am a employee in government office .I recived 4200.00 motor cycle allowance per year include my salary . This allowance are exempt income tax act u\s 10(14)(i) but the I.T.O. are levy tax this allowance .He asked it is a taxable allowance i confuse please help me and give me answer that it is a taxable or exempt .
03 September 2010
U/s 10(14)(i) of the income tax act states that , "any such allowance specifically granted to meet expenses wholly , necessarily and exclusively incurred in the performance of the duties of an office or employment of profit to the extent to which such expenses are actually incurred for that purpose"
Pls understand ,the provision says "to that the extent to which such expenses are actually incurred for that purpose" which results the onus to prove the genuineness is on the assessee. Hence u have to prove to the ITO that the allowances is to meet for performance of duties.(If u claim U/s10(14)(i))
Pls understand ,the provision says "to that the extent to which such expenses are actually incurred for that purpose" which results the onus to prove the genuineness is on the assessee. Hence u have to prove to the ITO that the allowances is to meet for performance of duties.(If u claim U/s10(14)(i))
03 September 2010
Whatever be the name of this allowance. The nature of it suggest that it is a conveyance allowance & that to the extent Rs. 800/- per month i.e upto Rs. 9600/- is exempt.
So the exemption can be claimed.
So the exemption can be claimed.
03 September 2010
That is Transport allowance, the allowance is motor allowance as per the pay slip. U have to see the pay slip
03 September 2010
There is no spefic exemption for Motor cycle allowance.
Sec.10(14) also giving exemption for allwance which meet the offical duty
Allowance provided for transport for journey between residence to office is exempted Rs.800 p.m
Conveyance allowance given for performance of offical duty exempted fully, if personal nature fully taxable
So please see the nature of allowance and justify the ITO
Sec.10(14) also giving exemption for allwance which meet the offical duty
Allowance provided for transport for journey between residence to office is exempted Rs.800 p.m
Conveyance allowance given for performance of offical duty exempted fully, if personal nature fully taxable
So please see the nature of allowance and justify the ITO
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