In respect of employees, what are the per year limits on Tax Deductible expenses pertaining to
1) Books and Periodicals
2)Telephone (used for mixed purpose - personal and official)
3) Conveyance allowance?
Appreciate response as detailed as possible.
Only conveyance allowance exempt upto Rs 800p.m. Others no deduction allowable.
Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
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O P Bagla & Co LLP
New Delhi
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