Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

URGENT FBT ON CONVEYANCE

Navita (profession) (96 Points)

13 November 2007

what is the basic difference between conveyance & travelling so as to classify them under different clauses chargeable at different rate.

Reply
Follow
Share

3 Replies

MAHENDRA IYER (SERVICE) (315 Points)
Replied 13 November 2007

Conveyance means when a person travel from one place to another locally whereas when an individual travels out of station then he is said to on tour and travel

Upgrade to CAclubindia Pro. Subscribe Now!

(Guest)

conveyance mean the distance travel from residence to work place whereas the travelling expenditure include all over the world.

(Guest)

In a usual paralance, Conveyance means routine travel i.e. when a person travel from one place to another locally whereas when an individual travels out of station (not in usual way) then he is said to on tour and travel. Tour and Travelling attract 5% FB Rate whereas conveyance attract 20% FB. But, it is still doubtful whether expenses incurred on Lodging and Boarding while on travelling attract 5% or 20%.