Deductions and allowances on account of car expense from salary and professional income exceeded the actual expenditure of the assessee

Deductions and allowances on account of car expense from salary and professional income exceeded the actual expenditure of the assessee https://www.taxtmi.com/circulars?id=10091 Conflict in car-related deductions occurs when allowances claimed under salary and professional heads together exceed actual expenditure. Heads of income are mutually exclusive, so the aggregate allowance must not surpass real expenditure; an assessing officer should allow only the residual unreimbursed expense (or a proportion reflecting private use) against professional income in addition to any sum already allowed from salary. Officers are to be instructed to prevent duplicated or excessive allowances and to limit total deduction to the actual expenditure. en-us Thu, 30 Aug 1973 00:00:00 +0530 Fri, 17 Jun 2011 17:58:00 +0530 TaxTMI RSS Generator Deductions and allowances on account of car expense from salary and professional income exceeded the actual expenditure of the assessee https://www.taxtmi.com/circulars?id=10091 Conflict in car-related deductions occurs when allowances claimed under salary and professional heads together exceed actual expenditure. Heads of income are mutually exclusive, so the aggregate allowance must not surpass real expenditure; an assessing officer should allow only the residual unreimbursed expense (or a proportion reflecting private use) against professional income in addition to any sum already allowed from salary. Officers are to be instructed to prevent duplicated or excessive allowances and to limit total deduction to the actual expenditure. Circulars Income Tax Thu, 30 Aug 1973 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10091