Many of us use our personal cars for
business use as well as personal use. Many companies provide fuel
reimbursement to field sales people and managers based on trips made for
official purpose. As per Indian Income tax rule, if fuel reimbursement is
provided for business purposes and for tax rebate on the bills submitted, the
log book of travel needs to be maintained. However its difficult to maintain
logs of all business trips made along with start and end odometer readings.
Friday, August 23, 2013
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Great and valuable Post.
ReplyDeleteKeep writing such types of informative blog.
Big thanks !
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