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Mihir Tanna  |982 Answers  |Ask -

Tax Expert - Answered on Mar 14, 2023

Mihir Ashok Tanna, who works with a well-known chartered accountancy firm in Mumbai, has more than 15 years of experience in direct taxation.
He handles various kinds of matters related to direct tax such as PAN/ TAN application; compliance including ITR, TDS return filing; issuance/ filing of statutory forms like Form 15CB, Form 61A, etc; application u/s 10(46); application for condonation of delay; application for lower/ nil TDS certificate; transfer pricing and study report; advisory/ opinion on direct tax matters; handling various income-tax notices; compounding application on show cause for TDS default; verification of books for TDS/ TCS/ equalisation levy compliance; application for pending income-tax demand and refund; charitable trust taxation and compliance; income-tax scrutiny and CIT(A) for all types of taxpayers including individuals, firms, LLPs, corporates, trusts, non-resident individuals and companies.
He regularly represents clients before the income tax authorities including the commissioner of income tax (appeal).... more
Mel Question by Mel on Mar 13, 2023Hindi
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Hi Mihir, Thanks in advance. If my company pays fuel & driver allowance , What is the limit to the monthly fuel charges & driver salary to claim tax benefits ? Can I claim only fuel charges if the fuel cost is more than the limit or there are individual limits and I need to claim under different heads such as fuel bill & driver salary ? Please advise.

Ans: Fixed allowance for fuel and driver is fully taxable. If car is fully used for official purpose and amount is reimbursed by employer on submission of proof of actual expenses, it will not be considered as income.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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