17 January 2011
If an employee wants to avail exemption u/s 10(14) does he need to spend that amount in actual. What if an employee receives conveyance reimbursement
17 January 2011
It is supposed that Employee has incurred the amount received u/s 10(14) of the Act. There is no need to prove that amount has actually been incurred.
If an employer reimburse coveyence expenses to employee for going to Offcial purpose, it does not come under 10(34) of the IT Act. It is fully allowable expenditure in the hands of the emplyer and nothing is taxable in the hands of the employee.
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