Deductions under clause (i) as it stood prior to its substitution, and under clauses (iii) to (v) as they stood prior to their omission, by Finance Act, 1974 with effect from 1-4-1975 - Clarifications on certain issues retained in the compendium for reference purposes
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Standard deduction for employee conveyance: eligibility depends on use, registration, and certified repair periods for tax withholding. Standard deduction for maintenance and wear-and-tear of employee conveyances is allowable during periods of employment use, including temporary non-use ... Summary
Standard deduction for employee conveyance: eligibility depends on use, registration, and certified repair periods for tax withholding.
Standard deduction for maintenance and wear-and-tear of employee conveyances is allowable during periods of employment use, including temporary non-use for repairs if certified; bicycle and non-motor conveyance owners are eligible for a prescribed flat monthly deduction without proving travel expenditure; motor vehicles must be registered in the employee's name to claim the deduction; an employee's declaration of ownership and use may suffice for tax-deduction-at-source purposes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
