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Author : Anonymous
( Author ) 13 January 2010
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Hi, Kindly explain me the difference between conveyance allowance, travelling allowance and transport allowance. Also, what is the impact of FBT on all three above for FY 09-10.
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CMA. Dinesh S Adhikari, ACMA
( Expert ) 13 January 2010
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Transport All. provided from HOME to OFFICE. (Exempt upto Rs. 800 pm flat)
Conveyance All. provided from OFFICE to OFFICE. (Exempt upto spent for official purpose.)
Travelling All. provided from OFFICE(City) to ANOTHER PLACE(City) FOR OFFICIAL PURPOSE(eg. from JAIPUR OFFICE to DELHI CLINET OFFICE).(Exempt upto spent for official purpose.)
Regards!!! Dinesh S. Adhikari
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Author : Anonymous
( Author ) 13 January 2010
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Thanks for the reply. PLease explain the affect of FBT on the three
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Chitresh Gupta
( Expert ) 13 January 2010
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As the FBT is abolished with effect from 01-04-2009, there will be no impact of FBT on these three components.
The tax treatment for Taxation of Salaries will be applicable.
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CMA Ramesh Krishnan
( Expert ) 13 January 2010
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FBT is Scrapped so there is no FBT
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