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

Income Tax Deductions Clarified: Conveyance, Vehicle Maintenance, and Book Purchases for Employees Under Circular No. 97.

Circular No. 97, dated 14-12-1972, addresses various income tax deductions related to conveyance and employment. It clarifies that employees can claim standard deductions for conveyances under repair and that salaried employees without motor vehicles can claim a standard deduction of Rs. 35 monthly. It specifies that deductions for vehicle maintenance are only applicable if the vehicle is registered in the employee's name. The circular also details deductions for books purchased for employment purposes, emphasizing that claims must be substantiated with adequate documentation. These deductions apply to specific assessment years and are subject to verification by tax authorities.