Inclusion of Gasoline Allowance Received by An Individual in His Gross Income
BIR Ruling No. 428-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Sep 27, 1960
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September 27, 1960 BIR RULING NO. 428-60 Mr. Maximo J. Savellano Cebu Portland Cement Company P. O. Box 158, Manila S i r: In answer to your queries bearing on income taxation, please be informed as follows: Gasoline allowance received by an individual from his employer should be included in his gross income. Accounts receivable are not deductible from the gross income for a given year unless they are ascertained to be worthless and charged off within that year. cdtech Very truly yours, MELECIO R. DOMINGO Commissioner of Internal Revenue
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