21 February 2014
This is regarding Petrol Reimbursement, Telephone Reimbursement, Perquisites charged on oen car used for company with driver What is the implications
21 February 2014
Kindly go through these provisions [10(14) (i) any such special allowance or benefit, not being in the nature of a perquisite within the meaning of clause (2) of section 17, specifically granted to meet expenses wholly, necessarily and exclusively incurred in the performance of the duties of an office or employment of profit, as may be prescribed], to the extent to which such expenses are actually incurred for that purpose ; (ii) any such allowance granted to the assessee either to meet his personal expenses at the place where the duties of his office or employment of profit are ordinarily performed by him or at the place where he ordinarily resides, or to compensate him for the increased cost of living,[as may be prescribed and to the extent as may be prescribed] :] [Provided that nothing in sub-clause (ii) shall apply to any allowance in the nature of personal allowance granted to the assessee to remunerate or compensate him for performing duties of a special nature relating to his office or employment unless such allowance is related to the place of his posting or residence ;]
21 February 2014
Car Allowance Rebate if own Car is used to perform duties related to employment is Es. 1800/- for Car below 1600cc engine? snd Driver's Salary Is Rs. 900/- p.m.?
CAclubindia
