ITR12 - Travel Claim Against Allowance - Purchase VS Lease Agreement

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  • MiaL
    New Member
    • Jun 2017
    • 7

    #1

    [Question] ITR12 - Travel Claim Against Allowance - Purchase VS Lease Agreement

    Hello;
    I am busy completing an income tax return (ITR12).

    There seems to be a new tick box in the travel claim against allowance section. You need to select either Purchase Agreement or Lease Agreement (vehicle was acquired by way of).

    What is the difference between these two? The individual has normal vehicle financing from his bank.

    Thanks,
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