Books and Periodical allowance
This query is : Resolved
Neudev Neudev
(Querist)
11 May 2021
Hi Experts,
Employer is offering a book and periodical allowance as a flexible benefit plan.
But they're allowing only business related books that too after getting approval from manager.
Is there any restriction as per IT Law that employee cannot claim this allowance for news papers, magazine subscriptions or any novel ?
Employer is offering a book and periodical allowance as a flexible benefit plan.
But they're allowing only business related books that too after getting approval from manager.
Is there any restriction as per IT Law that employee cannot claim this allowance for news papers, magazine subscriptions or any novel ?
CA R SEETHARAMAN
(Expert)
11 May 2021
Yes, restrictions are there as per IT Act.
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