Vehicle Maintenance Allowance
Pravin Kumar Saharia (43 Points)
02 February 2008Pravin Kumar Saharia (43 Points)
02 February 2008
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 03 February 2008
CA Anil Jain
(Chartered Accountant)
(696 Points)
Replied 03 February 2008
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 03 February 2008
Ashish Barthwal
(Article)
(137 Points)
Replied 03 February 2008
Amit Sharma
(article)
(2677 Points)
Replied 04 February 2008
Sohil Ganeriwala
(Practicing CA)
(308 Points)
Replied 04 February 2008
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 25 June 2008
Vehicle maintenance allowance given to the employee is taxable irrespective of whether the vehicle is owned by the employer or employee
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 25 June 2008
I got this from net....
Under section 10(14) exemption of notified allowances is provided. The CBDT has prescribed guidelines for the purpose of classes (i) and (ii) of Section 10(14) vide Notification No.SO617(E) dated 7th July/ 1995 (F.No.l42/9/95TPL)which has been amended vide Notification SO No.403(E) dated 24.4.2000 (F,No.l42/34/99-TPL).
CA Nitin Wadhwani
(Chartered Accountant)
(4469 Points)
Replied 26 July 2008
Vehicle maintenance allowance given to the employee is taxable irrespective of whether the vehicle is owned by the employer or employee