The IT Act is not specific on the various queries raised, but the intention of the Act is that all the expenses incurred by an employee on transfer; obviously, while on transfer, the employee will carry his (including family) belongings and household goods to other place/station. Any amount received by the employee as reimbursement thereof, by whatsoever name it is called, is exempt from payment of Income Tax.
The intention under of the exemption under the IT Act is that the employee is reimbursed of the expenses incurred and no income is generated out of the exemption.
TR Chhabria
The intention under of the exemption under the IT Act is that the employee is reimbursed of the expenses incurred and no income is generated out of the exemption.
TR Chhabria