Tax treatment of employer provided vehicle use for commuting is excluded from valuation as a taxable benefit under the amendment. The Explanation inserted into the income tax provision clarifies that the use of any vehicle provided by an employer for journeys between the assessee's ... Summary
Tax treatment of employer provided vehicle use for commuting is excluded from valuation as a taxable benefit under the amendment.
The Explanation inserted into the income tax provision clarifies that the use of any vehicle provided by an employer for journeys between the assessee's residence and place of work shall not be regarded as a benefit or amenity granted free of cost or at a concessional rate for the purposes of that sub clause.
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