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=4424 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. en-us Thu, 08 May 1969 00:00:00 +0530 Tue, 29 Jul 2008 17:19:00 +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=4424 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. Circulars Income Tax Thu, 08 May 1969 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4424