Is it correct that employees cannot claim exemption under conveyance expenses i.e Rs.800 pm /9600 pa
if they do not receive any amount under head conveyance allowance in their salary.
Menu
It-exemption for conveyance expenses
Replies (1)
Dear Chandrashekhar
Company do all such things to save taxes for the employee. This is a taxplaning tool.
as per your query you are correct, we have to show it as conveyance in salary structure than only such exemption can be granted to employee.
Recent Topic
- How to show Capital Gain on gifted property
- TIS Glitch Alert : inflated summary
- IT returns of partners
- Challan status in Payment Failed but amount deduct
- Sec 54 exemption
- Query regarding retirement benefits
- TDS Payment and filing
- Capital gains exemption under sec 54
- Revamped traces portal, conso file download failed
- Due date of ITR for Option Trader
Related Topics
CAclubindia
