in our company manger claiming arround 16000 to 19000 INR/ Month against milage claim for his own car. except from his salary arround 150000/PM. he is not providing any bill. only giving travel detail in excel sheet .and this amount Not showing in Form 16 also, in company account this showing as expense. is his amount considerd for income tax or not?. is considering is it under tax exception?
Dear Alvin
in my view just excel sheet is not sufficient. you should ask the employee to maintan a log book for travelling in a particular format
date nature of visit start point destination point k.m. travel person to meet
and this log book also must be authenticated by some senior person of the organisation.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
