RAKESH SAH (Senior Executive (Finance & Account)) (115 Points)
01 October 2011If I don't have any vehicle on mine name & I hire a taxi on monthly biases, from residence to office to perform my duty. Can I get Tax benefit of reimbursement of conveyance expenses as per IT rule?
Please advise......
And what is the processor for the same.
Regards,
ashish gupta
( student)
(1922 Points)
Replied 01 October 2011
If you are a salaried employee then reimbursement is not allowed rather a fixed monthly transportaion allowance of Rs.800 pm will be allowed.
You just need to break up your salary details and show Rs. 800 as Transportation Allowance.
CAclubindia
