Perks and allowance
This query is : Resolved
08 April 2011
where motor car is owned by employer and is used by employee only for official purpose, in that case can employee also get exemption for transport allownance @ 800 pm.
08 April 2011
Hi,
Transport Allowance is different from the Perq given as Motor Car,
When both benefits are given clearly only then Rs. 800/- p.m can be claimed as exemption from Transport Allowance.
As far as the Motor car Benefit is concerned, there will be nothing Chargible to Tax as it is used for Official Purpose.
Note.
Very Seldom does both the benefits are given to the employee.
Thank you,
Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons, ITF Hons
Transport Allowance is different from the Perq given as Motor Car,
When both benefits are given clearly only then Rs. 800/- p.m can be claimed as exemption from Transport Allowance.
As far as the Motor car Benefit is concerned, there will be nothing Chargible to Tax as it is used for Official Purpose.
Note.
Very Seldom does both the benefits are given to the employee.
Thank you,
Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons, ITF Hons
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Type of Capital Gain
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
