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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Additional Conveyance allowance - any allowance granted to meet ...


Conveyance Allowance Deduction u/s 10(14)(i) Requires Reimbursement of Actual Expenses for Tax Benefits.

September 25, 2015

Case Laws     Income Tax     HC

Additional Conveyance allowance - any allowance granted to meet the expenditure incurred on conveyance in the performance of duties of office or employment of profit shall qualify for deduction under section 10(14)(i) of the Act only when there is reimbursement of the expenditure actually incurred. - HC

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