Director is eligible for transport allowance
This query is : Resolved
Yash Singhal
(Querist)
28 May 2018
Hi Guys,
Can company give transport allowance to a whole time director &
The director can claim exemption for such allowance?
Can company give transport allowance to a whole time director &
The director can claim exemption for such allowance?
CA Suresh Jain
(Expert)
28 May 2018
Yes, company can give transport allowance to a director and he shall be eligible for exemption as per Income tax Act/rules
CA Suresh Jain
(Expert)
29 May 2018
Please note that w.e.f. AY 2019-20 Transport allowance shall not be exemption ed
Yash Singhal
(Querist)
29 May 2018
Thanks a lot Sir for your suggestion.
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