Case Law Details
Case Name : M/s. Transworks Information Services Ltd. Vs The Income tax Officer (TDS) [ITAT Mumbai 'E' Bench]
Related Assessment Year : 2005-06
Courts :
All ITAT ITAT Mumbai
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PICK-UP and drop transport facility provided by employers is not a perquisite and hence not liable to tax, according to a recent ruling by a tax tribunal. In a decision that has implications for the sectors such as BPO and IT, the Mumbai Income-Tax Apellate Tribunal (ITAT) has held that companies providing such a facility were not liable to deduct tax on the expenditure incurred on it.
ITAT has held that a specific explanation had been provided in the Income-Tax Act, which does not consider transport facility provided by emp
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Can Tribunal decision be extended to cover the employees who are paid conveyance allowanace in pay slip(exempt upto Rs 800 pm) and also reimburse the conveyance expenses for travel to office by a cab.
Kindly elucidate
If my company gives me RS 800 p.m. as conveyance allowance. But deducts from my salary RS 1250 p.m. for transport facility provided. What will be my eligibility for deducation of cconveyance allowance 800/1250?