If an employee is getting CAB Facility from his employer then, is he allowed to take Deduction for Transport Allowance u/s 10(14)c of Income Tax Act.........
Sourabh Sharma (Practice ) (33 Points)
29 June 2011If an employee is getting CAB Facility from his employer then, is he allowed to take Deduction for Transport Allowance u/s 10(14)c of Income Tax Act.........
Sunshine
(Helping All)
(10575 Points)
Replied 29 June 2011
i dont think so...if he is not getting something in monetary terms , he cant claim an exemption..
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 29 June 2011
| Originally posted by : Sunshine... | ||
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i dont think so...if he is not getting something in monetary terms , he cant claim an exemption.. |
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agreed
CA ASHISH SHAH
(CHARTERED ACCOUNTANT)
(353 Points)
Replied 29 June 2011
As per my knowledge, he can claim so.
but he can't take any transport allowanace at the same time.
he can claim one.
CAclubindia
