10 March 2010
Gift Vouchers which are redeemable in a Departmental store provided to employee as a part of salary, for eg. Mr. A is receiving Rs 20,000 salary, but the company provides on A's request 15000 cash and Rs. 5000 Gift vouchers. 1. whether Gift vouchers provided to as a part of salary is taxable under the head salaries? 2. if, the company provides the Gift vouchers not as part of salary, such as given free is a taxable perquisites?
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