Tax on reimbursement of petrol expenses.
This query is : Resolved
27 February 2014
if a person getting reimbursement 25 litre petrol as expenses incurred on travel on duty for bank's work.
whether the amount is taxable or not?
27 February 2014
no..it wont be included in your income. should normally be parked as conveyance expenses in bank's books.
03 March 2014
if fully reimbursed as actual incurred then not taxable.
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