Transportation facility
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 May 2011
Dears,
Employer is providing transportation facility to his employees for commutation from residence to office and incurring Rs. 4500 per month per employee and recovering Rs. 1430 from each employee.
Now the query is how much amount has to be considered for tax? (employer is giving Rs. 800 per month as transport allowance)
is there any applicable case laws?
very very urgent
Employer is providing transportation facility to his employees for commutation from residence to office and incurring Rs. 4500 per month per employee and recovering Rs. 1430 from each employee.
Now the query is how much amount has to be considered for tax? (employer is giving Rs. 800 per month as transport allowance)
is there any applicable case laws?
very very urgent
14 May 2011
i dont remember any case law relating this
but this ia a exempt perquist so it is not taxable in the hands of employee
employe will get deduction of transport allowance
and employer will show net amount after recovery from employee as transport exp or staff welfare exp.
but this ia a exempt perquist so it is not taxable in the hands of employee
employe will get deduction of transport allowance
and employer will show net amount after recovery from employee as transport exp or staff welfare exp.
Message likes :
1 times
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
- Query Regarding on TDS section 194H and 194J
- Fixed Deposit Claim Relinquishment by the Nominee
- NR GST NUMBER
- ITR 6 Schedule CFL and UD Issues
- GST Form ADT-02
- TCS ON SOFTWARE SALES
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- FREELANCING ACCOUNTANT
- For REQUIRE INDIVIDUAL GST
- GST Department hearing
- Query reg: Accounting standard, Indian Accounting Standard, IFRS, GAAP, Cost Audit, Frontend audit
- GST Refund SB005 Error
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- 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
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
