Conveyance in FBT

This query is : Resolved

girish (Querist)
Follow

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 ?)

CA Prasanna Krishnan V

CA Prasanna Krishnan V (Expert)
Follow

25 November 2007 Dear Sir

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.

Suresh Agrawal

Suresh Agrawal (Expert)
Follow

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now