Sathiya Narayanan (CA-Final & CS-Exec Student) (614 Points)
18 December 2011Is Conveyance Allowance and Telephone Allowance is exempted under the Act?
If so please furnish the limit upto which it is exempted!
Is this Telephone Allowance incudes Mobile Bill Reimbursement?
Plz help on this doubt...!
Thanks in Advance...!
CA VISHAL DILLIWAL
(PARTNER)
(24 Points)
Replied 18 December 2011
''Sathiya'',
Conveyance allowance is exempt to the extent actually spent for office purpose. Transport allowance is exempt to the extent 800 Rs (answer given by learner).
Telephone allowance is fully taxable.
Reimbursment of telephone expenses is exempt perquisite.
Sathiya Narayanan
(CA-Final & CS-Exec Student)
(614 Points)
Replied 19 December 2011
Thank You Friends...!
CAclubindia
