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manu (Querist)
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15 July 2011 Dear Sir,

what kind of deduction One LIC development officer enjoying in his return. if he received conveyance expenses and allowance to development officers for procuring business can he deduct in his salary income in IT return.

thanks and regards

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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16 July 2011 If he can have a certificate from his Branch/Regional Office that the amount of allowance has been spent towards procuring the business by producing the relevant Fuel Bills and Vouchers, if any, he can claim the same in his return as amount expended for the purpose of the employer.

Generally it is included in the sheet of perquisite sheets ( I think in Form 12BA)and not allowed as deduction in Form 16.

Please have a reading of the following judgement -

https://www.taxpundit.org/ITRPDF/276ITR/276ITR127.pdf

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