Taxability of reimbursement claims for vehicle exps
This query is : Resolved
17 August 2010
Whether reimbursement of vehicle expenses supported by bills can be trated as non taxable in hands of employees evenif the vehicle is not owned by employee ?
Is it a pre requiste that employee should be the owner of vehicle for which he is claiming reimbursement?
Is it a pre requiste that employee should be the owner of vehicle for which he is claiming reimbursement?
17 August 2010
Reimbursement of offical vehicle expenses is not taxable, if reimburment of
1. Private puropose- fully taxable
2. Part private & part offical- taxable as per perqusite valuation rules
both the condition applicable whether employee owner of the vehicle or not
1. Private puropose- fully taxable
2. Part private & part offical- taxable as per perqusite valuation rules
both the condition applicable whether employee owner of the vehicle or not
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