please somebody tell me the inclusions in the word "Conveyance" under FBT
Is the reimbursement to the remote branch office for the office stationary & other exps covered under FBT?????
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Meaning of conveyance
Replies (2)
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Hello I m yogesh madaan. Conveyance is based on own or provided by employer to employee. if it is provided by employer to employee then it will be treated as Vehicle Runnng & Maintaince & it will be taxable. If it is own vehicle, then it wil be treated as conveyance which is exempt under FBT.
OriginDally posted by :kamlesh |
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| " | please somebody tell me the inclusions in the word "Conveyance" under FBT Is the reimbursement to the remote branch office for the office stationary & other exps covered under FBT????? |
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Meaning of conveyance is the act of conveying , carrying, or transporting.
But for the income tax purpose, the meaning of conveyance is limited to a particulars palace where the employee works and includes transportation charges.
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