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

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 https://www.taxtmi.com/circulars?id=4421 Prescribed standard deduction for maintenance of an employee's conveyance may be allowed during temporary non use for repairs if a certificate covers the repair period; employees without motor conveyances or owning only non motor conveyances are entitled to the fixed monthly standard deduction without proving travel expenditure; deduction is allowable only where the vehicle is registered in the employee's name; an employee's declaration of ownership and employment use suffices for withholding purposes. en-us Wed, 26 Mar 1969 00:00:00 +0530 Tue, 29 Jul 2008 17:20:00 +0530 TaxTMI RSS Generator 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 https://www.taxtmi.com/circulars?id=4421 Prescribed standard deduction for maintenance of an employee's conveyance may be allowed during temporary non use for repairs if a certificate covers the repair period; employees without motor conveyances or owning only non motor conveyances are entitled to the fixed monthly standard deduction without proving travel expenditure; deduction is allowable only where the vehicle is registered in the employee's name; an employee's declaration of ownership and employment use suffices for withholding purposes. Circulars Income Tax Wed, 26 Mar 1969 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4421