24 November 2007
What is Conveyance in FBT provision ? is it the expense where business is situated ? IF YES, Where do i show the local conveyance incurred during the tours and travel ?
EX: bangalore (business place)---Tour to ----Bombay (local conveyance in bombay ?)
It is to be expediently dealt as per common parlance. Conveyance is definitely denoting to local commuting expenses while travel expenses are those which involve lengthy travel.
If you are in Bangalore, your intracity movements are conveyance.
If you go to Mumbai, it is travel. Even if you have local conveyance within Mumbai the same is travel related only.
26 November 2007
Local conveyance means conyence expenses incurred for going within any city. Be it the city where business is situated or the city where u hv gone for business purposes. Soppose your business is situated in delhi but you go on tour to Mumbai. The conveyance expenses incurred within mumbai will also be termed as conveyance for FBT.
CAclubindia
