please somebody tell me the inclusions in the word "Conveyance" under FBT
Is the reimbursement to the remote branch office for the office stationary & other exps covered under FBT?????
2 Replies
yogesh
(accounts executive)
(28 Points)
Replied 29 May 2009
|
Hello I m yogesh madaan. Conveyance is based on own or provided by employer to employee. if it is provided by employer to employee then it will be treated as Vehicle Runnng & Maintaince & it will be taxable. If it is own vehicle, then it wil be treated as conveyance which is exempt under FBT.
OriginDally posted by :kamlesh |
||
| " | please somebody tell me the inclusions in the word "Conveyance" under FBT Is the reimbursement to the remote branch office for the office stationary & other exps covered under FBT????? |
" |
chandankumar
(patna)
(24 Points)
Replied 29 May 2009
Meaning of conveyance is the act of conveying , carrying, or transporting.
But for the income tax purpose, the meaning of conveyance is limited to a particulars palace where the employee works and includes transportation charges.
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
