banner_ad

Treatment of Conveyance Allowance

This query is : Resolved 
Profile Image

Profile Image

(Querist)
28 March 2008 Hi......
Can any body help me out.

Whether conveyance allowance includes leave travel allowance and its treatment as per IT Act.

Hurry....
Profile Image

CA Pravas

Profile Image

CA Pravas (Querist)
28 March 2008 Can any body help me out.

Whether conveyance allowance includes leave travel allowance and its treatment as per IT Act.

Hurry....
Profile Image

CA. Amit Daga

Profile Image

CA. Amit Daga (Expert)
28 March 2008 no yar leave travel allowance and conveyance allowance is diff
Profile Image

R.V.RAO

Profile Image

R.V.RAO (Expert)
28 March 2008 it is true that conveyance allowance and LTC ARE DIFFERENT.
UNDER INCOME TAX ACT SECTION 10(14) READ WITH RULE 2 BB CONVEYANCE ALLOWNCE GRANTED TO MEET EXP. IN PERFORMANCE OF DUTIES OF AN OFFICE IS EXEMPT TO THE EXTENT IT IS UTILISED FR THE PURPOSE SPECIFIED (TO MEET EXP. IN PERFORMANCE OF DUTIES OF AN OFFICE).
AS AGAINST CON. ALLOWANCE , TRANSPORT ALLOWANCE GRANTED TO MEET EXP. IN COMMUTING BETWEEN OFFICE AND RESIDENCE IS EXEMPTED TO THE EXTENT OF RS. 800/- PER MONTH .
FOR LEAVE TRAVEL CONCESSION-JOURNEY FOR GOING TO HOME TOWN AND BACK- UNDER SECTION 10 (5), EXEMPTION IS LIMITED TO THE AMOUNT ACTUALLY SPENT.
ONLY TWO JOURNEYS IN A BLOCK OF 4 YEARS IS EXEMPT.
R.V.RAO
Profile Image

CA. GOPAL SONIKA

Profile Image

CA. GOPAL SONIKA (Expert)
28 March 2008 No conveyance allowance does not include LTA.
Profile Image

CA Saurabh Maheshwari

Profile Image

CA Saurabh Maheshwari (Expert)
28 March 2008 BOTH CONVEYANCE ALLOWANCE AND LTA ARE TOTALLY DIFFERENT IN NATURE
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details