Income from salary
This query is : Resolved
17 May 2014
Free Telephone at Residence of employee by employer.
IS this taxable or not??
in the heads of income from salary..
IS this taxable or not??
in the heads of income from salary..
Sandeep Dharar
(Expert)
17 May 2014
Is it allowance or reimbursement by employer?
17 May 2014
Anything not mentioned in the question.
for your reference Refer RTP Nov.2010 BY ICAI.
I know that If it is Allowance then it is fully taxable
&
If it it is Reimbursement or Paid then also it is fully Taxable.
for your reference Refer RTP Nov.2010 BY ICAI.
I know that If it is Allowance then it is fully taxable
&
If it it is Reimbursement or Paid then also it is fully Taxable.
Sandeep Dharar
(Expert)
17 May 2014
Then what is the query if u know.
Well, u can convey ur thanks by hitting the thanks button.
Well, u can convey ur thanks by hitting the thanks button.
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17 May 2014
but in the question their is a word use "free" it means non monetary perquisite.
I think it is taxable but in the institute suggested solution it was consider as not chargeable to tax.
this is my query .....
I think it is taxable but in the institute suggested solution it was consider as not chargeable to tax.
this is my query .....
Sandeep Dharar
(Expert)
17 May 2014
Electric Bill is exempted but telephone bill is taxable. U must inquire from ur friends also. But it is taxable as per me.
17 May 2014
dear sir
see my question once again,
m nt mentioned telephone bill
in my question it is only Telephone
& As per my knowledge if electric bill is paid or reimburesed by emplyr thn it is fully taxable because it is monetary perqste.
see my question once again,
m nt mentioned telephone bill
in my question it is only Telephone
& As per my knowledge if electric bill is paid or reimburesed by emplyr thn it is fully taxable because it is monetary perqste.
17 May 2014
if their is a free or facility of electricity
thn it is exempt but if employee is specified
thn it is taxable for him.
thn it is exempt but if employee is specified
thn it is taxable for him.
Sandeep Dharar
(Expert)
17 May 2014
Look I suggested u. And if u do not believe then wait for other experts or u can do as u want.
Nikhil Kaushik
(Expert)
18 May 2014
it wont be taxable even if used for personal use....
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