Conveyance allowance
This query is : Resolved
CA Suresh kumar panda
(Querist)
11 August 2011
if a person working in two companies simultaneously & getting 2 conveyance allowance, can he claim Rs800 X 12month for each of the company? i. RS9600 for each for exemption??
CA PARAS BAFNA
(Expert)
11 August 2011
No he can claim Rs. 800 per month maximum and total 9600/ p.a. only.
CA Suresh kumar panda
(Querist)
11 August 2011
why sir?? he is spending for both the companies.Why he cant claim?
CA PARAS BAFNA
(Expert)
11 August 2011
This Rs. 800 allowance is known as Transport Allowance under the IT Rules.
Purpose: Office to home and Home to Office traveling expenses.
Reason for not allowing for both the emloyers:
1. Govt. thinks in its own way. It has got reasons. It knows that Govt employees hardly attends their offices.
2. If an employee goes to office then he is not coming back to the home for attending the another employer.
.
Employee goes from Office 1 to Office 2
and then returning home. Office 1 to Office 2 means- place of employment.
.
The word conveyance allowance can be used in a different manner also.
For performing the official duties if any expenditure towards conveyance is incurred by the employee it is reimbursed to the employee and it is not taxable in the hand of the employee also.
.
Purpose: Office to home and Home to Office traveling expenses.
Reason for not allowing for both the emloyers:
1. Govt. thinks in its own way. It has got reasons. It knows that Govt employees hardly attends their offices.
2. If an employee goes to office then he is not coming back to the home for attending the another employer.
.
Employee goes from Office 1 to Office 2
and then returning home. Office 1 to Office 2 means- place of employment.
.
The word conveyance allowance can be used in a different manner also.
For performing the official duties if any expenditure towards conveyance is incurred by the employee it is reimbursed to the employee and it is not taxable in the hand of the employee also.
.
Message likes :
1 times
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
- GSTR9 Annual Return
- Ito add credit side of bank
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Reward for festival
- Import of Capital Machine
- LLP audit and disclosure
- Form 144 TDS Return Validation error
- Capital gain on commercial property and investment in residential property
- Appointment of Auditor By Form ADT-1
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
