reimbursement of conveyance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 August 2012
is reimbursement of conveyance fixed 2500/- pm taxable ?
21 August 2012
This will normally be considered in the contextof employment agreement. If it wholly for the purposes of carrying out official duties.. then non taxable. Otherwise... taxable. The fixedness or otherwise is not the confirmatory test.
Guest
Guest
(Expert)
21 August 2012
Conveyance means the reimbursement made to employees for expenditure on travelling in course of employment i.e.reimbursement of expenses incurred after reaching office and visit to some place for official work. Eg: accountant going to income tax dept after going to office. Reimbursement of such expenses to extent of actual amount incurred will be exempt from tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- TDS Challan Code
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
