06 April 2009
If car provided by the company to an employee for conveyance , is he eligible for excemption of Rs.9600p.a. from conveyance expenses as per income tax act,1961
Please send me reply with section and details since tomorrow is the last day of T.D.S. filing for the month.
The simple thing you should analyse is you are giving money to employee for moving from work place to home and vice versa he is spending from that. Therefore the deduction is.
But in your case what you have informed is company hasprovided vehcile and it will be debited to vehicle maintainenace by the company.
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