Please some one clarify the difference between the conveyance allowance and transport allownance and there taxability under the head salary.
gourav soni (student) (47 Points)
03 March 2012Please some one clarify the difference between the conveyance allowance and transport allownance and there taxability under the head salary.
CA PARAS BAFNA
(Practising CA )
(33428 Points)
Replied 04 March 2012
YES, THE REPLY GIVEN BY MR. GUDS IS NOT ONLY GOOD BUT ALSO QUITE PRACTICAL.