Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Conveyance Allowance Recognized Under Section 10(14) of Income-tax Act for Assessment Year 1989-90 Onwards.</h1> The Central Government, under the authority of sub-clause (i) of clause (14) of section 10 of the Income-tax Act, 1961, specifies that any allowance provided to cover expenses incurred on conveyance for performing duties related to an office or employment of profit is recognized for the purpose of the said sub-clause. This specification applies to the assessment year 1989-90 and subsequent years. The notification is issued by the Under Secretary to the Government of India.
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